- Advertisement -

Related

QQM rebounds strongly in May

- Advertisement -

Stockholm (HedgeNordic) – QQM Equity Hedge, the systematic market neutral  long/short equity fund managed by QQM Fund management, had a strong month in May early estimates show.

According to the monthly estimate, the fund gained 5.1 per cent during the month, rebounding from three consecutive months of deep losses, the worst losing streak experienced by the fund since its inception in 2008.

In a comment, the fund´s portfolio managers, Ola Björkmo (pictured left) and Jonas Sandefeldt (pictured right), write that the reporting season has been strong for European companies.

“With the first-quarter earnings reporting season nearly finished, research by Societe Generale show that 68% of European companies’ earnings per share was above or in line with consensus, more than the 10-year historical average of 63%.”

During the month, the fund increased its net exposure to Materials, Food Beverage & Tobacco and Consumer Durables & Apparel. Correspondingly it reduced the exposure to Software & Services, Transportation and Commercial & Professional Services.

By month end, the fund’s largest net exposures were Food, Beverage & Tobacco (19 long, 6 short) and Pharmaceuticals, Biotechnology & Life Sciences (10 long, 13 short), and the largest net short exposures are Banks (6 long, 19 short) and Diversified Financials (1 long, 9 short).

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Jonathan Furelid
Jonathan Furelid
Jonathan Furelid is editor and hedge fund analyst at HedgeNordic. Having a background allocating institutional portfolios of systematic strategies at CTA-specialist RPM Risk & Portfolio Management, Mr. Furelid’s focus areas include sytematic macro and CTAs. Jonathan can be reached at: jonathan@hedgenordic.com

Latest Articles

Diversification is Easy to Buy, Hard to Get: The Liquid Alternatives Test

By Luc Dumontier, CIO Global Asset Management, iM Global Partner: Rarely have global portfolios carried such concentrated exposure to a single bet. US equities...

Unlocking a Third Active Lever

By Steven Braun at Newfound Research and Return Stacked® Portfolio Solutions: Long-only active management traditionally has two levers for generating excess returns. The first...

Active and Alternative ETFs Gain Ground as Market Splits Between Cost and Value

The ETF market is entering a new phase in which growth is increasingly concentrated at opposite ends of the cost spectrum. While ultra-low-cost passive...

Beyond Passive: How Institutional Investors Are Reshaping Europe’s ETF Market

Flows into exchange-traded funds (ETFs) continue to show little sign of slowing, but the record asset growth tells only part of the story. Beneath...

Finding Leverage: From Ecology to Asset Management

By David Seekell: The biggest change since moving from academia to asset management is that I started getting advertisements for private jets in my...

Azpire Capital Brings Systematic Long/Short Strategy to Digital Assets

A trio of founders from Aarhus, Denmark, is launching a fund built around a systematic long/short strategy for digital asset markets. After almost two...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -