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Quantology Absolute Return Fund up 2% in June

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The Quantology Absolute Return fund (U-USD shares) was up +2.0% in June while the Nasdaq-100 TR lost 8.9% and the S&P 500 was down 8.3%.

The Quantology Absolute Return Fund (U-USD shares) was up +2.0% in June while the Nasdaq-100 TR lost 8.9% and the S&P 500 was down 8.3%.

The objective of the fund is to deliver positive returns which are uncorrelated to equities, regardless of the market regime, with a targeted volatility below 5%. 

This is done by systematically taking long and short positions based on signals detected by Quantology’s proprietary model.

The fund’s investment universe includes the most liquid US listed equities.
 
DAccording to the fund’s latest monthly report PEAD short positions significantly outperformed with Align Technology Inc posting a 14.8% drop and Akamai Technology Inc losing 9.6%. Those two positions were stopped-out with profits on 30 June. The fund also benefited from a successful relative value “retail” trade, with a short on Ross stores (falling 17.1%) and the long on Dollar Tree Inc (falling only by 2.8%).
 
Among breakout positions, SuperMicro Computer Inc fell 19.4% and the position was stopped out. Quantology’s short on GoodRx Holdings Inc-Class A did well with the price sliding 25.7% to a new all-time low.
 
New breakout positions were added near month-end with a long on General Mills Inc and a short on Duck Creek Technologies Inc.

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