Q I think it might be interesting to start with, just what's your take on long short equity investing?
A That's, that's a good place to start. We definitely see a role for long, short equity investing within our portfolios, but I think the managers that qualify for us are few and far between. We have a real focus on alpha, and we want to see managers able to produce alpha on both the long and the short side, and I think a lot of managers that we come across are very adept, consistent at generating long alpha. But those that can really generate short alpha are really few and far between. And because of the way that we're set up, we can access managers long only, long short, or other strategies. And so it's really alpha that's key. I think when it comes to long short, the other thing that I'd say we're focused on is not all long short is created equally. And so we are looking for managers that maybe operate in a inefficient area or an area that is less well trafficked in and really looking for guys where the environment can be a tailwind rather than a headwind. And so that leads us to managers like Will who operate in between the cracks. Mid smaller cap companies, maybe regions that are less well trafficked in like Japan has been an area where we spent a lot of time. So we think it definitely has a role to play in the portfolio, but it's select opportunities which lend themselves to alpha generation.
AI assessment note: “We definitely see a role for long, short equity investing within our portfolios”