Rob Kaimowitz, founder of long-short hedge fund Bull Path Capital Management, has a new formula for success in the industry.

He has converted one of the firm’s long-short equity hedge funds to a long-short equity mutual fund.

Kaimowitz’s reasoning is that, as investors begin to overcome last year’s traumatic investment scenarios, they are going to want the benefit of a long-short strategy combined with the advantages of a mutual fund: lower minimum investments, lower fees, full transparency and assets being held in a trust bank.

“We believe this strategy makes sense for both individual and institutional investors with a medium- to long-term view of the market,” Kaimowitz said in a statement.

Most of the investors in the fund that is converting are internal, but outside investors were fully behind the transformation, according to a firm spokeswoman.

Kaimowitz founded Bull Path in 2002. It has about $100 million in assets under management.