Products

Long/Short

TWIN Capital has been shorting stocks since 1990. We currently manage two different Long/Short strategies.

TWIN Momentum is our equity market-neutral strategy. Unlike many such strategies, it does not utilize a valuation measure to separate the long and short candidates. Instead, it utilizes an intermediate-term price momentum measure and applies that measure to a group of midcap growth stocks — precisely the space where our research indicates it will work the best. Returns tend to be uncorrelated with many hedging strategies.

Extended Alpha is our 130/30 strategy, an extension of our flagship Active Equity strategy with short positions and additional long positions, allowing us to make some stronger stock bets based on the TWIN Equity Model.

The product uses Active Equity as its core and adds the short and additional long positions by sector in an equity market-neutral approach. Extended Alpha is managed with market beta, industry/sector allocations and other important risk characteristics similar to those of its S&P 500 benchmark.