Investment Process

Investment ideas are generated through a quantitative, data-driven process that combines bottom-up research, sector-specific catalysts, and top-down macro overlays. The strategy focuses on valuation, capital efficiency, and business model analysis with flow, liquidity, and volatility inputs.

• Longs target companies with asymmetric upside, strong fundamentals, and exposure to secular growth.

• Shorts focus on firms with deteriorating fundamentals, financial red flags, or unsustainable narratives.

Portfolio construction is guided by a repeatable process — balancing conviction with risk discipline, and aligning exposures with macro conditions and volatility regimes.

Portfolio Construction

The strategy is intentionally concentrated, typically holding 10–30 high-conviction positions across global developed and select emerging markets. Gross and net exposures are actively managed in response to opportunity set, volatility conditions, and thematic risk.

Cash is treated as a strategic allocation, increasing when risk-adjusted returns are unattractive. Risk is managed at the position, factor, and portfolio level, with an emphasis on preserving optionality and maintaining agility across market regimes.

Differentiation

Global Equity Alpha is a high-conviction complement to our derivatives strategy — fundamental, disciplined, and opportunistic. We are benchmark-agnostic, focused on asymmetric outcomes and building durable returns across market cycles.