How We Do It Global Long/Short Portfolio Management:  - Theme-adjusted, relative value approach - Sector focused, Small/Mid overweighted - S&P500 benchmarked with <15% overlap - Historical top weight: Financial Services;  common overweights: Food/Bev, Energy, Materials/Mining, Transport, Healthcare  - Barbell with 1) good return/modest risk, and 2) V-high return potential/medium risk - Weighted >60% in U.S., >85% N. America - Low/Conservative leverage, shorts included - Tax-efficiency prioritized for US Investors