Ann: Watermark to withdraw from global equities, page-5

How easy is it going to be to successfully ‘pair’ a portfolio of longs and shorts in a relatively small market like Australia?

Wasn’t that one of the reasons for going international in the first place?

“The best ‘long/short’ pairs are examples where one company is benefiting at the expense of another. However, they may not both be Australian companies; the natural pair to an Australian company is more often than not a competitor domiciled offshore.”

(ALF ASX Release 15 February 2016)