Mutual funds that operate like hedge funds are now more widely available but their high fees and a strong stock market are keeping investors away, Reuters reports.

Dubbed “poor man’s hedge funds” by some in the industry, they employ the techniques of hedge funds such as short-selling stocks and using leverage — tactics that are generally off limits to mutual funds.

Senior Morningstar analyst Daniel McNeela estimates the long-short funds rated by his firm have assets under $20 billion, a tiny portion of the more than $9 trillion in assets of the entire U.S. mutual fund industry.

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