Investment
Approach

Long Pond’s investment team implements a rigorous, bottom-up research process in an effort to identify asymmetry, which it defines as a disconnect between stock price and intrinsic value, in companies that it believes are misunderstood by the public markets. This approach includes a long-term investment orientation and deep industry knowledge. It is Long Pond’s belief that the availability of asymmetric opportunities tends to coincide with market volatility and our process and culture are predicated on unemotional decision making and intellectual honesty in different market environments.

Within this disciplined and focused framework, Long Pond looks to invest in companies that it believes have asymmetric return profiles and downside protection.