London-based Bowmoor Capital has joined forces with Zeta Asset Management to open the Bowmoor Global Alpha Fund PC to external investors.
The Guernsey-domiciled fund is a quantitative strategy designed to “identify and exploit major price trends in global markets”.
It is 100% rules-based, non-discretionary and will take long and short positions in a diversified portfolio covering stockmarkets, interest rates, foreign exchange, metals, energy, grain, soft commodities and livestock.
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“Beating the market with a system entirely based on mathematics is one of the greatest challenges,” said Gareth Abbot, co-head of Bowmoor’s investment team. “There are always fundamental forces, behavioural biases, human nature and government policy driving markets.
“Our approach is to capture the overall structure of trends, which adapt and change, and to avoid ‘noise’. I’m not obsessed with every trend. I’m obsessed with sustained and secure macro trends. Our system feels the same way – our primary trend, lasting at least a year, is the cornerstone and most important one, following macroeconomic and economic cycles.”
Bowmoor chief executive Richard Liddle, added: “Our focus on scientific and systematic processes, as well as our commitment to following the data, gives us a strong competitive edge. We do not attempt to predict the direction of the market or make investment decisions based on emotions, politics, broker opinions or the media.
“Rather, through our 100% rules-based quantitative systems, we seek to identify, react to and profit from market trends as they unfold. The proof of our strategy is in the track record.
“We have aspirations to grow Global Alpha to over £1bn in assets under management and have been working hard over the past year to put together an offering that we think is compelling and right for both our strategy and our investors.”