Long/Short Equity Pool will primarily consist of a concentrated pool of participations in investment vehicles managed by third-party investment managers. These investment vehicles will operate as long/short equity funds and will mainly focus on the global equity markets (and their derivative markets) with an emphasis on developed markets in the US, Europe and Asia. Albeit to a lesser extent, managers also have the flexibility to invest in securities listed in emerging markets.
These third-party investment managers aim to identify long positions in securities that they deem undervalued and that are expected to appreciate in value and/or outperform the global equity markets while they seek to identify short positions in securities that they deem overvalued and that are expected to fall in value and/or underperform the global equity markets.
It is anticipated that the focus of Long/Short Equity Pool will be on investment vehicles that operate with a net long bias meaning that they will generally have more long exposure than short exposure and, as such, in addition to security specific return drivers, they generally have a certain sensitivity to the directional movements in global equity markets.

Michiel Meeuwissen, Remko van der Erf, Theo Nijssen, Felix Rutten