Gotham Funds
Gotham Funds is a leading equity investment management firm specializing in U.S. and international value investing strategies for institutional and individual investors. Founded by Joel Greenblatt and Robert Goldstein, Gotham brings together over five decades of combined investment experience in disciplined, research-driven value investing. The firm applies a systematic fundamental value approach developed by Greenblatt, Goldstein, and their team of investment professionals to manage a range of long-only and long/short equity portfolios. Gotham’s strategies are designed to deliver consistent, risk-adjusted returns through disciplined stock selection, rigorous valuation, and portfolio diversification. The firm manages assets on behalf of pensions, endowments, foundations, and family offices, offering both hedge fund and mutual fund structures.
FUND OFFERINGS
Gotham Neutral Fund (GONIX) – A market-neutral long/short equity strategy designed to deliver capital appreciation with minimal correlation to broader equity markets.
Gotham Index Plus Fund (GINDX) – Combines an index strategy (tracking the S&P 500) with an active long/short overlay to enhance returns and manage risk.
Gotham Large Value Fund (GVALX) – A long-only value strategy that selects stocks deemed undervalued within the S&P 500 universe, leveraging Gotham’s proprietary valuation methodology.
Gotham ETFs – The firm also offers exchange-traded funds such as the Gotham Enhanced 500 ETF (GSPY), Gotham 1000 Value ETF (GVLU), and Gotham Short Strategies ETF (SHRT), enabling access to Gotham’s value-based and long/short strategies via the ETF structure.
SERVICES & STRATEGIC FEATURES
Long/Short Equity Strategies – Many of Gotham’s mutual funds and ETFs employ both long and short positions, using valuation as the guiding principle to select undervalued long positions and overvalued short positions.
Long-Only Value Strategies – For clients seeking a more traditional equity exposure, Gotham provides long-only value-oriented portfolios focusing on underpriced companies.
Institutional Access via Mutual Funds and ETFs – Strategies traditionally available only to hedge funds are offered through mutual funds and ETFs, making Gotham’s approach accessible to institutions, pensions, endowments, and retail investors.
Rigorous Valuation Discipline – Gotham’s investment process begins by valuing all companies in its universe and selecting positions based on these valuations, with risk controls via diversification, sector limits, and gross/net exposure constraints.