Skale employs a concentrated long/short equity portfolio focused on the long-term, common sense application of global precedents to Asian businesses. Typically, 75% of gross exposure will be China/HK, India and Singapore. With a portfolio of around 30 single stock positions, Skale owns 10-15 stocks that are expected to compound at over +20% IRRs over 3-5 years and is short roughly 15 stocks that are expected to compound at -10% annually over the next 3-5 years. Shorts are treated exactly as longs from a fundamental research and trading perspective. These ~30 names largely come from a growing library of names that the firm has covered for over a decade as well as new industries, sectors, and IPOs that are added over time.