American Century Investments launched the American Century Long-Short...

American Century Investments launched the American Century Long-Short Equity Fund, its first hedged mutual fund. The fund is co-managed by Kurt Borgwardt, senior portfolio manager, who also manages the American Century Income & Growth mutual fund, and Zili Zhang, senior vice president and director of quantitative research. The fund's market-neutral approach combines long and short portfolio strategies to provide positive returns in up and down stock markets, said John Schniedwind, CIO of the quantitative equity group. The fund is not available to retail investors.