Investment Process

1. Identify as many highly correlated equity pairs as possible

2. Determine equity long/short positions and weights of identified pairs, taking into account top-down/bottom-up fundamental, technical, event and liquidity factors

3. Identify alpha equity long/short positions through fundamental analysis

4. Specific attention is placed on risk in investment weight decision-making

5. Review portfolio allocation for compliance with fund target and mandate

6. Execute and monitor trades

7. Real-time risk management of portfolio and individual exposure

8. Constant re-evaluation of assumptions/views