Smith Group, an investment management firm based in Dallas, Texas, has expanded its product offerings with a new 130/30 strategy. This strategy incorporates both long equity holdings and a limited amount of short selling with the objective of increasing investment returns without increasing risk.
DALLAS (BusinessWire EON) March 7, 2007 --
Smith Group, an investment management firm based in Dallas, Texas, has
expanded its product offerings with a new 130/30 strategy. This strategy
incorporates both long equity holdings and a limited amount of short
selling with the objective of increasing investment returns without
increasing risk.
Smith Group launched the new strategy after conducting extensive
research. This work validated and extended a line of academic research
that found that loosening the long-only constraint can increase returns
without increasing risk. The work culminated in a white paper, “130/30
Investment Strategy: Giving our equities an alpha boost,”
which is available on the firm’s website www.smithasset.com.
Stephen S. Smith, the founder and CEO of Smith Group, said that, “The
basic idea behind all of the research is that long-short strategies take
fuller advantage of our insight into the market. With the increasing
demand by investors for techniques of this type, we felt it was
appropriate to open our 130/30 strategy to prospective investors. After
an extensive research and development effort, we began investing our firm’s
money in the portfolio at the beginning of this year. We are pleased
with the results, and now want to allow outside clients to invest
alongside us.”
About Smith Group:
Smith Asset Management Group, L.P. (“Smith
Group”) is a registered investment advisor
that specializes in equity investment management services. The firm
manages over $5 billion in assets for foundations, endowments, corporate
pensions, public funds, multi-employer plans and high net worth
individuals.
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