Independence Investments Launches 130/30 Strategies

Jul 20 2007 | 10:53am ET

Boston-based Independence Investments has launched a pair of 130/30 strategies for the institutional market.
The new strategies, dubbed the Long/Short 130/30 U.S. Mid-Capitalization Core and Long/Short 130/30 U.S. Large Capitalization Value, have already attracted an unnamed Los Angeles-based investor, according to the firm. Independence also manages a 130/30 U.S. large cap core portfolio, which launched last September, for the same L.A. firm.

Independence’s strategies maintain 100% net market exposure and generally include 125 to 175 long positions and 40 to 80 short positions, with holdings diversified by sector and industry, and active risk concentrated in stock selection, according to the firm.

“Our long/short 130/30 approaches are enhanced versions of our existing strategies and by eliminating long-only constraints we are able to make better use of all the information in our proprietary valuation models,” said Mark Lapman, the firm’s CEO.

Independence Investments was founded in 1982 and currently manages approximately $7 billion in active U.S. equity strategies.

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