what are other investments that are like long short funds 
most broadly options and other derivatives trading are often used to hedge against the downside risks of equities however long short funds build this in market neutral funds attempt to profit from price differences between stocks while minimizing overall market exposure they take long and short positions in carefully matched stocks to hedge broader market risks there s pairs trading where you take a long position in one stock and a simultaneous short position in a closely related stock the goal is to profit from temporary discrepancies in their prices 8