The Virtus KAR Long/Short Equity Fund Class R6 (VLSRX) is a mutual fund that seeks to provide investors with long-term capital appreciation by investing in a combination of long and short equity positions. This fund is managed by Virtus Investment Partners and utilizes a long/short equity strategy, which involves buying stocks that are expected to increase in value and shorting stocks that are expected to decrease in value. The R6 class of this fund is designed for institutional investors and has a lower expense ratio compared to other classes. Overall, VLSRX offers a diversified portfolio of both long and short equity positions, making it a potentially attractive option for investors seeking a balanced approach to equity investing.