Directional Net Long/Short
Launched in February 2011, the Directional Net Long/Short strategy is managed with the objective of driving long-term capital appreciation through a concentrated long and short portfolio of public equities selected from the global TMT sectors. The strategy offers an alternative for investors seeking to capitalize on directional markets while accepting the potential for additional return volatility.
The core holdings for this strategy are also held in the Limited Net Long/Short and Managed Net Long/Short portfolios, but this portfolio will be more concentrated than those of the other strategies.
The strategy will generally maintain net market exposure of -20% to +125% and a gross exposure limit of 175%, although exposures may fall outside of these ranges at time.
Directional Net Long/Short primarily invests in liquid, medium and large capitalization securities, while our risk management process targets regional, industry and subsector exposure limits.