The Quant Global Equities Fund, launched last week, will replicate the investment strategy of the British Virgin Islands-based QAM Global Equities Fund. The portfolio will consist of between 100 and 200 stocks as long positions and a basket of futures for its short positions.
Available initially in euro and US dollar share classes, the fund has an initial size of $24m and will seek to invest in undervalued stocks with upwards earnings revisions and is “entirely driven by dynamic multi-factor models”.
“Our strategy fits perfectly within the UCITS framework and we will have to make no alterations to the way we run our fund,” said Frank Holle, co-founder of the Quant AM Sicav.
“We expect big interest, as we have been able to keep the fund true to its original investment strategy, but with the added benefits of secure custody, risk management and liquidity that UCITS III offers” said Gareth James, head of hedge fund solutions at Luxembourg Financial Group, which set up the Sicav in conjunction with Quant AM.