Our global investment approach offers investors a wide scope to identify inefficiencies which create alpha opportunities across geography, sector, market cap and style. With over two decades of experience, we have cultivated a global network to source and diligence boutique investment firms across the world. We often invest early in a manager’s life cycle, which has proven beneficial to investors as managers are highly motivated to build a strong track record and have modest assets under management, allowing for greater flexibility and upside potential.
Our flagship Global Long/Short strategy is constructed on the premise that a diversified, global portfolio of active long/short managers can deliver equity market-like results with below-market risk over a full market cycle. With a target net exposure of 30%-60%, the strategy’s objective is to capture a majority of the global market’s upside and limit significant drawdowns. Portfolios are built from the bottom up, and underlying managers are selected based on their ability to deliver stock specific alpha relative to their universe. The strategy offers the benefits of global diversification, with the flexibility to identify and take advantage of the unique market cycles across various regions.
Our Directional Global Long/Short strategy is a structurally long biased approach to global equity investing. With a target net exposure of 60%-80%, the strategy’s objective is to accept higher market beta in order to deliver consistent upside participation, while maintaining below-market risk over a full market cycle. The strategy combines globally diversified, alpha-oriented, long-only and long/short specialists and aims to capitalize on long-term market appreciation with some flexibility to protect capital during significant drawdowns.
Our Japan Long Only strategy provides an all-cap investment solution designed to outperform Japanese equity markets over a full market cycle. The strategy comprises highly focused, active equity specialists who take advantage of the various inefficiencies in Japan. By leveraging the domain expertise of local niche specialists, the strategy offers a differentiated way to benefit from both the long-term capital appreciation and diverse alpha opportunities in Japan.
There is no guarantee that any of the strategies’ objectives described above will be achieved. Graph is provided for illustrative purposes only and shows the performance of the MSCI index against the CS Equity L/S index between 2006-2013 (date range covers new bull market, bear market, and recovery to previous high). The graph does not represent actual returns pertaining to any specific L/S funds, but rather is intended to show generally how L/S funds have performed against past market conditions. Past returns are not a guarantee of future performance.