Investment Strategy

Portfolio Construction

We typically concentrate our individual stock positions in 30-50 longs and 30-50 shorts with the most attractive combination of investment story, valuation relative to our internal price targets, and downside risk. We likewise do not utilize ETFs or options to hedge.

While the majority of our investments encompass company-specific drivers, we also take advantage of thematic trends in the market as well as the cyclical forces that impact the outlook of particular industries.