Mick Rasmussen, CFA, serves as lead portfolio manager of the Wasatch Long/Short Alpha Fund since its inception on October 1, 2021. He joined Wasatch Global Investors in 2014 as a Quantitative Analyst, contributing to both U.S. small cap and global research teams over his 10+ year tenure with the firm. Rasmussen holds a Bachelor of Science in Finance from the University of Southern California and is a CFA charterholder. Based in Salt Lake City, he brings a unique blend of quantitative and fundamental analysis expertise to the fund management process. Beyond his professional qualifications, Rasmussen has diverse interests including music production and DJing, travel, golf, and skiing, reflecting a well-rounded perspective. His experience spans both quantitative analysis and fundamental research, positioning him to effectively implement the fund's sophisticated long/short equity strategy that combines traditional bottom-up analysis with advanced quantitative tools and risk management techniques.

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The Wasatch Long/Short Alpha Fund employs a directional long/short equity strategy that combines Wasatch's fundamental, bottom-up investment analysis with internally developed quantitative signals and tools. The fund purchases U.S. common stocks expected to outperform while shorting those anticipated to underperform, focusing significantly on small- and mid-cap companies with flexibility across all market capitalizations. Long positions emphasize high-quality companies with significant returns on capital, low debt, strong management teams, expanding markets, and innovative products. Short positions target lower quality, more speculative growth stocks using quantitative methods with qualitative overlays. The fund aims to capture stock-specific alpha with reduced market risk, maintaining portfolio beta at approximately 0.5 relative to the Russell 2500 Index while achieving over 80% of its return with roughly half the volatility. The strategy is macro-aware, integrating macroeconomic factors primarily into short exposure decisions to enhance alpha generation and risk management.

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