Remember the hype surrounding 130/30 funds a few years back? Well, some have gone the way of the dinosaur and some just simply changed their name a la the MainStay 130/30 Core Fund.

At a meeting held on earlier this month, the fund’s Board of Trustees approved changing the name of the fund to MainStay U.S. Equity Opportunities Fund, effective February 28, 2013, according to a Securities and Exchange Commission filing. The fund’s mandate of taking long positions in equity securities that it believes have a high probability of providing a total return greater than the Russell 1000 Index and shorting those that it believes are likely to underperform, remains intact.

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