Within the chosen sector(s) Managers are unconstrained.
APS Labs equity strategies utilize managers by having them specialize in a particular sector(s), as opposed to employing a manager’s full strategy:
- Managers are hired in the sector(s) where they have historically been able to create the most consistent alpha
- Market Capitalization – holdings are All-Cap, both within mandates and at the aggregate Strategy level
- Holdings can be of any style within a sector
- The number of holding by mandate can be concentrated to a level the manager feels appropriate
Each Strategy’s correlation to its benchmark is high (>90%), while maintaining a high Active Share (>85%).
APS Labs strategies are designed to be sector neutral – not taking bets amongst or between different sectors, either tactically or strategically.