dyga

I agree that Core-Satellite involves no short-selling... unlike alpha-beta separation.

Also with alpha-beta separation, you can mix & match β & α in way that's unavail. to long-only active mgrs.... a key distinction from core-satellite

I think it's easy to confuse the 2, because the concept of core-satellite sounds like separating "alpha" and "beta"... but really, the 2 strategies are very different