@article {Park48, author = {Soonyong Park and Seyi Bucknor}, title = {120/20 Portfolios}, volume = {2008}, number = {1}, pages = {48--55}, year = {2008}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Extension strategies, also referred to as the 120/20 or 130/30 strategies, have emanated for the most part from the long-only managers{\textemdash}more specifically, from their desire to wring out greater excess returns from the existing long-only stock selection and portfolio construction processes. Quantitative firms and fundamentals-based asset management firms with sizeable central research groups have been at the forefront of the 120/20 wave. All things being equal, a rational investor should always choose a strategy that offers higher return for a unit of risk. The authors agree with the theoretical underpinning of the 120/20 strategies; therefore, they believe that 120/20 strategies merit a serious consideration by investors{\textemdash}a legitimate alternative to long-only equity strategies in the large capitalization arena.}, URL = {https://guides.pm-research.com/content/2008/1/48}, eprint = {https://guides.pm-research.com/content/2008/1/48.full.pdf}, journal = {Special Issues} }