shorebird capital / overview

IDEA GENERATION

• Shorebird screens hundreds of event driven opportunities per week
• Most trades have both a fundamental and/or a technical component
• Examples of headlines are M&A, litigation, business development related
• Attractive technical conditions may be supply/demand imbalance or short interest

QUALIFICATION

• Material event that has not been efficiently discounted
• Sufficient liquidity to trade without impacting price
• Sufficient expected volatility
• Asymmetric risk
• Momentum

PORTFOLIO CONSTRUCTION

• Trade size
• Duration
• Expected Returns