Virginia-based investment adviser LucidQ Investment, Inc has launched a new equity hedge fund aimed at accredited investors and qualified clients.
The LucidQ Hedge Fund, LP seeks to mitigate risk and deliver consistent, positive absolute returns primarily through long-term investments in US equities. The strategy employed by the fund is the result of an innovative market theory and analytical models pioneered by LucidQ founder and portfolio manager Reginald Nosegbe.
The fund's investments are selected based on a quantitative ranking model that predicts the relative attractiveness of US equities. The strategy takes into consideration such characteristics as fundamental, quantitative and statistical analysis, and historical volatility. The portfolio manager seeks to identify stocks whose market valuation does not reflect the strong operational and financial performance demonstrated by the underlying company.
This methodology combines a proprietary method for quantifying market sentiment, repeatable analytical processes, innovative fundamental analyses, mathematical analyses, and a disciplined systems and information engineering approach built based on more than a decade of research, innovation, and development.
"After years of extensive quantitative research it was clear that the existing theory of the market, and the discipline and practice of finance, have failed mostinvestors dismally," says Nosegbe, Founder and Portfolio Manager, LucidQ Investment, Inc. "Based on my theory of the market - The Theory of Free and Competitive Market Equilibrium - the LucidQ Hedge Fund is the first step towards our overarching goal to help transform the behavior and improve the performance of global equity capital markets."
Prior to founding LucidQ, Nosegbe worked for PricewaterhouseCoopers (PwC) from 1997 to 2005 where he was most recently a Director in the firm's Performance Improvement practice. During his tenure, Nosegbe participated in various assignments for key clients, including the International Monetary Fund, the Federal Reserve Bank of Richmond, the Municipal Securities Rulemaking Board, US Department of Labor, the Pension Benefit Guaranty Corporation (PBGC) and Universal Music.
Nosegbe holds a Bachelor of Science in Commerce (with a concentration in Accounting) and a Masters in Systems Engineering from the University of Virginia, and has done graduate studies in Accounting, Tax, and Legal Dimensions of International Business and Investment Transactions in the United Kingdom, Belgium, and the Netherlands. He is a Certified Public Accountant