- Advertisement -
- Advertisement -

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).

close

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

January: Mirror Image of 2022 for Nordic CTAs

Stockholm (HedgeNordic) – The average return of the eight “CTA” constituents of the Nordic Hedge Index that had positive performance in 2022 was 14.4...

Did Energy Prices Cause This Inflation Surge?

Copenhagen – (Jesper Rangvid): You often hear that soaring energy prices, caused by supply-chain disruptions resulting from the pandemic and the war in Ukraine,...

UB Launches Forest-Focused PE Fund

Stockholm (HedgeNordic) – United Bankers is launching a private equity fund investing in forest and bio-based industries. The fund, named UB Forest Industry Green...

Origo’s First Ten Years on (a) Quest

Stockholm (HedgeNordic) – Long/short equity fund Origo Quest is celebrating ten years of bargain hunting in the universe of Nordic small-cap stocks. After a...

The Cycle is Back and so is Active Investing

Stockholm (HedgeNordic) – The relationship between equities and bonds has traditionally been inverse, making bonds a leading choice as a diversifier to an equities...

Alcur’s Third Win in a Row

Stockholm (HedgeNordic) – Alcur Fonder’s first hedge fund, Alcur, has been named “Hedge Fund of the Year” by Swedish business magazine Privata Affärer for...

Latest

Most Popular This Week

Voices

Request for Proposal

- Advertisement -