Further to our September 24, 2008 post, "Mutual Funds Affected by the Short-Sale Ban," Morningstar has an online article by senior fund analyst, Marta Norton, discussing the the near and long-term implications of the SEC's short-selling ban on long-short mutual funds.
Short-Selling, the SEC, and Your Long-Short Fund (Morningstar's website)
Short-Selling, the SEC, and Your Long-Short Fund (Morningstar's website)