Sapphire Equity Long-Short SIF

Investment objective

The strategy seeks to generate alpha over the long term by investing across a spectrum of large, mid and small cap companies using long/short equity strategies. Long exposure ranges 75–100% while short exposure via unhedged derivatives goes up to 25%, dynamically adjusted by the macro model.

Strategy & allocation

Sapphire runs a dual-layered process: a top-down macro model for dynamic capital allocation and a bottom-up proprietary multi-factor quant model for stock selection. Capital allocation is driven by macro indicators, street sentiment and index valuation — tilting long in constructive regimes and raising shorts in uncertain/negative ones.

Stock selection uses five primary factors with proprietary sub-factors. The long sleeve overweights best-scoring names; the short sleeve targets stocks with weak multi-factor scores and bearish sentiment. Risk management is embedded in portfolio construction.

Five-factor quant model

Sub-factors include Return on Assets, Capex Coverage, Enterprise Multiples, Shareholder Yield, Earnings Momentum and more. Portfolio Manager may add/remove factors.

Investor suitability

Fund management

Prior roles: Senior Investment Analyst at Franklin Templeton Services (India), Senior Associate at MSCI (quant factor indexes), Market-Neutral Strategy analyst at Morgan Stanley, Quant Research Analyst at Quant One.