These exposures can take two basic forms: long only "buy and hold" exposures and exposures through the use of alternative investment techniques such as long/short investing, the use of derivatives (non-linear payout profiles), or the employment of leverage)
Investment exposures come in two fundamental types: traditional "long only" holdings and those created via alternative strategies such as long/short investing, the use of derivatives to generate non-linear payouts, or leveraging investments.