It’s the strategy that started it all, and it remains the most popular approach to equity markets among hedge funds. In this episode, James McDonald explains based on his own experience what it’s like to manage a long-short equity hedge fund. Jamie explores some of the biggest misconceptions about the industry – including the idea that market direction doesn’t matter. It does – more specifically, market environment matters. Here’s another thing: Hedge fund managers put on losing trades all the time. In fact, as long as it’s less than 49% of the time, they should be fine. James unpacks the what and the why of all of that and more.