Identify whether each detail from Moore’s summary is most likely a benefit or a drawback of the strategy. Justify your selection.

Brickridge Investment Consultants meets weekly to review the positives and negatives of investment managers being considered for client portfolios. In the latest meeting, analyst Brad Moore discusses investment manager Lyon Management (Lyon). His in-depth analysis of one of Lyon’s investment strategies includes the following summary details:
Detail 1: Long and short positions are paired.
Detail 2: Investment strategy relies on unique information.
Detail 3: AUM connected with the strategy have grown substantially, while the number and characteristics of positions have stayed the same.
Asked about Lyon’s regulatory context, Moore states, “The regulatory environment is strong and seeks to decrease information symmetries.”

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Identify whether each detail from Moore's summary is most likely a benefit or a drawback of the strategy. (Place an x in the preferred box.) Detail Benefit Drawback Justify your selection. Justification 1 2 3