Janus launches long-short

In what could be the beginning of a new trend, Janus has launched a long-short fund utilizing a strategy typically only found in hedge funds.

The Janus Advisor Long/Short Fund will sell short shares of stocks the managers believe will decline in value and use the proceeds to invest in stocks with more favorable prospects. Until now, this aggressive "long-short strategy" has been the exclusive domain of hedge funds which have the regulatory flexibility to use more sophisticated investment techniques.

Hedge funds are typically only available to "accredited investors" or those with a high net income or high net worth and have a high minimum investment. The Janus fund has a minimum investment of only $10,000 and is available only through financial advisors.