Investing in 130/30 strategies represents an attractive and viable equity investment opportunity. As predominantly long-only strategies that have been allowed to incorporate short selling, these strategies offer greater portfolio efficiency – higher alpha for similar amount of tracking error – as well as full transparency or “look through” to the underlying portfolio. Their appeal lies in the ability to capture some of the perceived benefits that hedge fund techniques provide without the added complexities. Managing 130/30 products, nonetheless, involves short selling expertise and associated monitoring and operational capabilities. Identifying managers with the requisite skills and operational structures is paramount.