Emanuel Weintraub: Risk and Reward on the Long Side

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Emanuel Weintraub, a former co-portfolio manager of a $1.5 billion fund at Neuberger Berman, decided three years ago to launch his own long-only hedge fund, New York-based Integre Advisors.

The move raised eyebrows in hedge fund circles, where some consider it heretic to manage money without shorting stocks. Many in the industry view long-only managers as mutual fund pros trying to reinvent themselves as hedgies just to cash in. But Weintraub can justify his 1% management and 20% performance fees. ...