Portfolio manager of Fidelity Long/Short Alternative Fund, David Way, shares his thoughts on an alternative approach to drive down volatility. David discusses his investment philosophy and investment process. He says he casts a very wide net when he is investing and does not limit where he looks. When looking at shorting, he uses three big buckets to look for opportunity. The first bucket is classic financial shorts, the second bucket is ESG detractors, and the third bucket is a hedge for long. David notes that most importantly he takes a balanced approach. He was positioned to benefit from a recovery in the market, and more recently in the transition from growth to value. Additionally, David shares his thoughts on bitcoin and inflation. He says that he focuses more on interesting areas where there are very clear opportunities.

Recorded on May 19, 2021.