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Why long/short equities have the effect of making exposure to the overall market direction small???? Long/short equities: Purchase securities considered to be undervalued and

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Why long/short equities have the effect of making " exposure to the overall market direction small"????

Long/short equities: Purchase securities considered to be undervalued and short those considered to be overvalued in such a way that the exposure to the overall direction of the market is small

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