Core long term equity strategy that holds long positions in stocks that have strong earnings growth, cash flows and corporate governance. Average Exposure: 70-80%. Holding Period: three-plus years.
Satellite event-based strategies are lower risk, absolute return-oriented such as open offers, buybacks, IPOs, Delistings, Mergers and Demergers. Average Exposure: 20-30%. Holding Period: 4-9 Months.
Satellite shorts & hedging limits downside through hedging or shorting companies with weak fundamentals and are overvalued. Average Exposure: 20-30%. Holding Period: 3-9 Months.