NEW YORK, NY, Dec. 1, 2016 /PRNewswire/ - With the launch of its third equity fund this year, Foresters Financial™ continues to expand its range of investment products in response to changing investor needs. The new First Investors Long Short Fund offers investors the opportunity to potentially benefit not only from rising stock prices, but also from inevitable market downturns. At a time when investors continue to seek higher equity returns but are also wary of potential risks, such as heightened valuations, potential macro shocks, and tighter correlations among asset classes, strategies that offer some downside protection are increasingly in demand. "The First Investors Long Short Fund further diversifies and enhances our product lineup," said Clark D. Wagner, President, Foresters Investment Management Company, Inc. (FIMCO). "The Fund is most appropriately used to add diversification to an investment portfolio, and further demonstrates our continued progress in developing advanced, competitive products that provide our clients with compelling investment solutions." The First Investors Long Short Fund will complement the other two equity funds launched by Foresters Financial this year—First Investors Hedged U.S. Equity Opportunities Fund and First Investors Covered Call Strategy Fund. "Long/short equity strategies today may offer extraordinary benefits to investors, including greater diversification, stronger risk-adjusted returns, and protection from drawdowns," according to Portfolio Manager Dmitri Batsev, Managing Director at Lazard Asset Management LLC, the subadviser for the Fund. One of the oldest and best-known equity investment strategies, long/short strategies may be of particular interest to risk-averse investors. "Downside capture in long/short strategies has historically been better than long-only strategies," said Batsev. "This can help investors who are interested in generating long-term returns, but who don't have the risk tolerance to remain invested when volatility spikes," he said.