What is 130 - 30?

130/30 is a type of investment strategy that involves long and short positions in stocks. The strategy typically involves investing 130% of the portfolio in long positions (i.e., stocks the investor expects to perform well) and a simultaneous short position of 30% (i.e., stocks the investor expects to underperform the market). This gives the investment manager flexibility to make bets both long and short, depending on market conditions. The goal of the strategy is to generate returns that are better than the market. However, 130/30 strategies can also be risky, as short positions can generate significant losses if they fail to perform as expected.