4. Furthermore, the implementation of portable alpha strategies significantly expands the universe of managers beyond the limitations imposed by style or orientation.

5. For an example of a portable alpha overlay strategy see, Edgar E. Peters and Perr J. Vieth, “Portable Alpha Overlay Via PanAgora’s Fixed Income Active Core Strategy,” PanAgora Asset Management, undated.

6. See Adele Kohler, “Implementation Guide for Portable Alpha and Efficient Beta Exposure,” State Street Global Advisors, undated.