Diego Parrilla

If Portfolio was a football team, we would play goalkeeper and a strategy that is focused on the thesis of the anti-bubbles, as you pointed out, evergreen, and the role of defenders and goalkeepers in a Portfolio team, not just as individuals, but also as team players.

And the second strategy that I run is a sister strategy.

long-only equity with an overlay of protection, which we call protected rebalanced equity.

And that effectively provides a solution to investors, an alternative to long-only equity, where we add the protection, but not just the what to buy, but also the how much and when.

Both of them, I think, have a role to play in portfolio construction.

A lot of my work has been dedicated to that defense and teamwork element of portfolio construction.