MI209: The Art of Value Investing w/ Drew Weitz & Barton Hooper
The Intrinsic Value Podcast - The Investor’s Podcast Network
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How to Shorten Equity Positions in a Portfolio?
Drew McIlroy: We have maintained an index sort position, typically against the f t y the spider or the triple cuse the knapsack 100. As we see the valuations of what we own approaching sort of fair price or fuller price, we can effectively take equity risk out of the portfolio by increasing our short position. The fund also can do individual security shorts. But again, i think it's important to point out that, yes, the short position has come down to about three % of ned asset.
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