Global Long/Short Equity Strategy
Arrowstreet’s strategy seeks to provide significant absolute returns that are independent of world equity market returns. The strategy invests in long and short stock positions around the world and remains fully invested and market neutral. In addition, the strategy can be equitized in order to meet individual client risk/return profiles.

Arrowstreet combines sound investment intuition with rigorous quantitative research in an effort to identify mispriced stocks around the world. Arrowstreet believes that the key to generating alpha involves evaluating a stock’s characteristics on a direct as well as an indirect basis in an integrated and opportunistic manner.

Strategy Characteristics

Assets in Strategy	Over $ 1 billion
Maximum Asset Capacity (both long and short)	$2 - $3 billion
Process	Quantitative, Integrated Bottom Up/Top Down
Targeted Excess Return	10%
Targeted Active Risk	10% - 14%
Leverage	Total Long + Short Positions (ABS) <= 3x NAV; Long Positions < 2x NAV
Benchmark	3 Month US Treasury Bill Index
Typical Number of Stocks	100-300
Typical Turnover	100% - 300% per year
Typical Minimum Investment	$10 million