Modern Alternatives: Why We Believe Long/Short ETFs May Replace Hedge Funds
- Category: Insights
5-6-2025 Executive Summary
The investment landscape may be ready for a seismic shift. For decades, long/short hedge funds offered investors sophisticated strategies with the potential for alpha generation in both rising and falling markets. However, these benefits often come at a steep cost: high fees, limited transparency, illiquidity, and onerous lock-up periods.
In response, a new vehicle emerged - the long/short ETF - that combines a strategy previously available only to institutional investors with the accessibility and efficiency of the ETF wrapper. This paper explores the reasons we believe long/short ETFs will quickly become the preferred vehicle for sophisticated investors.
Analyst to Leader: Gary Black's Career in Investment Management (Video)
- Category: Insights
3-20-2025 Gary transitioned from a successful investment analyst career to senior management, taking on institutional leadership roles at firms like Goldman Sachs and Janus. He later founded Black Capital and successfully built it into a multi-million-dollar firm before selling it to Calamos Investments.
Short Selling in ETFs: Strategies and Risks (Video)
- Category: Insights
3-20-2025 While ETFs can include short positions, risk management is crucial, especially avoiding highly shorted stocks. The Future Fund embraces transparency, sharing investment changes daily through social media.
Why Trust, Strategy, and Compliance Matter in Finance (Video)
- Category: Insights
3-20-2025 Jeff explains that successful investment firms must have three elements: trust, a solid investment strategy, and strong operational compliance. The Future Fund aims to provide institutional-quality strategies in an efficient and transparent way.
Beyond the Numbers: The Art of Great Stock Analysis (Video)
- Category: Insights
3-20-2025 To stand out, Gary Black believes analysts must challenge consensus views, uncover hidden market insights, and simplify investment models. Effective research involves direct conversations with industry insiders and a relentless pursuit of critical data.
Megatrends: Investing in the Future (Video)
- Category: Insights
3-20-2025 In this interview, Gary Black covers how megatrends like social media, mobility, healthcare advancements and more are reshaping industries. These trends form the foundation of The Future Fund’s investment strategies, guiding decisions on both the long and short sides of the market.
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Northern Lights Distributors, LLC and The Future Fund LLC are not affiliated with these brokerage firms.
Northern Lights Distributors, LLC and The Future Fund LLC are not affiliated with these brokerage firms.
HOW MEGATRENDS ARE SHAPING OUR FUTURE
Megatrends have been changing the way people live for hundreds or even thousands of years.
Read our brief on how we believe these global forces are impacting businesses, economies, cultures and individuals today, and setting a path for the future.