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Why Now Is The Time For Momentum-Driven Long/Short EQ Strategies Like CLSE
The Convergence Long/Short Equity ETF (CLSE) combines quantitative and fundamental factors to run long and short positions across roughly 3,000 US equities. The fund's short book carries a much higher P/E and beta than its long book, targeting expensive, weaker names. CLSE has outperformed peers like FTLS, ORR and HFEQ on a risk-adjusted basis over the past five years.
CLSE: Impressive Performance Amid Capital Rotation Reinforces Buy Rating
The Convergence Long/Short Equity ETF is an actively managed vehicle that "seeks alpha from a net long portfolio." CLSE has outperformed the S&P 500 index since my November article. Since the beginning of 2026, it has outmaneuvered IVV and IWV as it has excellently positioned itself for capital rotation. Moreover, since conversion into an ETF, CLSE has beaten IWV by about 28.5%.
CLSE: Maintain Market Exposure While Softening 'Market Bubble' Risk
The Convergence Long/Short Equity ETF has illustrated an ability to generate beta-reduced alpha via a quantametal approach. An equity market portfolio could deliver additional gains in 2026 due to macro factors. However, AI bubble narrative and valuations add to crash risk. CLSE ETF can maintain market exposure while softening crash risk via its long-bias long/short strategy.
Convergence Long/Short Equity Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 350 | $10,246 | $11,679.5 | $1,433.5 | 13.99% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 192,536 | $6.2M | $6.51M | $317,483.97 | 5.12% |
| RR rosemary richard WCG Wealth Advisors LLC | 86,788 | $2.67M | $2.94M | $269,987.21 | 10.13% |
| XPN XY Planning Network Inc. XY Planning Network Inc. | 14,855 | $507,075 | $504,921.45 | -$2,153.55 | -0.42% |
| AWM Accurate Wealth Management LLC Accurate Wealth Management LLC | 127,376 | $2.79M | $4.33M | $1.54M | 55.1% |
Convergence Long/Short Equity Fund (CLSE) FAQ
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Convergence Long/Short Equity Fund Profile
| BATS Exchange | US Country |
Overview
The company operates as an investment fund dedicated to utilizing a strategic approach in the equities market. It primarily focuses on investing in both long and short positions within equity securities of domestic companies, aiming to capitalize on market conditions and volatility to generate returns for investors. The fund is designed to maintain a flexible investment strategy, adjusting its long and short exposure based on prevailing market conditions to safeguard investments and pursue growth opportunities. The fund's investment philosophy revolves around maintaining a significant portion of its assets in long positions while leveraging short positions to hedge against market downturns and amplify potential returns. Through this balanced yet dynamic approach, the company seeks to offer a resilient and potentially lucrative investment option for those looking to diversify their portfolios with equity investments.
Products and Services
- Long Positions in Equity Securities
- Short Positions in Equity Securities
- Net Long Exposure Management
The fund invests a considerable portion of its assets in acquiring long positions in the equity securities of domestic companies. This approach is central to the fund's strategy, aiming to benefit from the appreciation of these securities over time. The range of investment in long positions can vary between approximately 90% to 150% of the fund’s assets, depending on the market conditions, which allows the fund to capitalize on positive market trends and the growth potential of selected companies.
Alongside its long positions, the fund strategically takes short positions in equity securities, which serves as a hedge against potential market volatility and downturns. By short selling, the fund aims to profit from the decline in the prices of these securities, thus providing a counterbalance to its long investments. The allocation to short positions can range from approximately 20% to 70% of the fund's assets, offering a mechanism to mitigate risk and potentially enhance returns under various market scenarios.
The fund maintains a net long exposure, which is the difference between the market value of its long positions and the market value of its short positions, within a target range of approximately 50% to 100%. This strategy underscores the fund's focus on maintaining a bullish stance in the market while still employing short sales as a defensive tactic against market declines. Through careful management of its net long exposure, the fund aims to navigate market cycles effectively, seeking to secure consistent returns for its investors.
