Question from Schweser Exam Practice volumn 1. Morning Session 1 question 6B
Carl Johnson is a new board member for High Grove and also a money market manager. Johnson has contacted Gustava and proposed an allocation between manager A and C of 100% and 100% with a 100% short position in B to fund the allocation. Manager B allows short positions in their fund.
Question is asking to identify the strategy According to me its a short extension strategy with a net 100% long position. But the answer says its a long short strategy with a net 100% long. I am confused my answer and the examiner answer are both same or different?
Thanks in advance