l/s pods and investment thesis
As an analyst at a long/short firm I am aware of the short nature of the holdings of 3-6 months. I also understand that these catalysts tend to be earnings.
What I am asking is how much leeway analysts have when it comes to creating an investment strategy to determine whether to go long or short. At large MM's is there a structured way that is solely based on models and estimates based on guidance? OR will PMs allow analysts to go long even if the company will underperform because of some type of variant view.