Singapore hedge fund, Quant Asset Management, has rolled out a UCITS III-compliant version of its BVI-domiciled Quant Global Equities fund reported FINAlternatives this week.
Singapore hedge fund, Quant Asset Management, has rolled out a UCITS III-compliant version of its BVI-domiciled Quant Global Equities fund reported FINAlternatives this week. The Quant Global Equities Fund UCITS has been established as a Lux-domiciled SICAV in partnership with Luxembourg Financial Group: the firm recently launched LAUP (Liquid Alpha UCITS Platform), an open-architecture UCITS-III platform for hedge funds wishing to roll out newcits strategies. Quant’s onshore UCITS will track its offshore cousin and replicate the investment strategy of buying undervalued stocks with upward earning revisions: since it was launched in 2004, the hedge fund has delivered annualized returns of 19.25 per cent according to Citywire Global. The newcits will use a portfolio of 100 to 200 stocks with a long bias and use a dynamic hedging model to short a selection of futures contracts. According to the firm’s fund prospectus it will, like the offshore fund, invest globally across 58 different markets, identifying suitable stocks across all-cap companies and all sectors. A bottom-up fundamental approach will be employed. “Our strategy fits perfectly within the UCITS framework and we will have to make no alterations to the way we run our fund,” said Quant AM co-founder, Frank Holle (pictured).