Long/Short, Relative Value & Event Driven

These strategies seek returns from differences between securities, issuers or market outcomes rather than from broad market exposure alone. The category includes equity long/short, market-neutral and relative-value approaches, alongside strategies focused on corporate events such as mergers, restructurings and other catalysts. Return drivers may include security selection, convergence between related assets, changes in spreads and the successful completion or repricing of an event. Funds can vary materially in their net and gross exposure, use of leverage, degree of market neutrality, investment horizon and concentration. Investors should therefore look beyond the category label to understand how each portfolio sources returns and manages liquidity, short exposure and event risk.

Includes: Equity Long/Short · Market Neutral · Relative Value · Event Driven