Calling it their own ‘long/short strategy’ a group of funds management executives is raising money for charity by either growing or shaving off a moustache.

For this month, dubbed ‘MOvember’, the five men have agreed to hold their positions and have underwritten a minimum commitment for funds to go to prostate cancer research. The longs, who are trying to grow moustaches, are: Rob Goodlad, chief executive of State Street Global Advisors; Mark Levinson, managing director of Citigroup Transition Management; and Erik Mather, head of BT’s Governance Advisory Service. The shorts, who have shaved their facial hair, is being taken by: Ian Manton-Hall, chief executive of ABN AMRO Asset Management; and Mark Sainsbury, the new chief investment officer for First State Super. Levinson points out that two females are helping out. Russell Investment Group’s Helen Murdoch is contributing a financial incentive to motivate the “mo-grow” and economist Christina Cifuentes has agreed to be honorary arbiter in regard to determining the long and short positions being held through to November 30. Information on where to forward donations, or where the group can be observed, to: Mark.Levinson@Citigroup.com