The Qunatologuy Absolute Return Fund fund was down -2.1% in March as the Nasdaq 100 and S&P 500 posted a solid v-shaped rebound, according to data release by Auatology Capital Management.
The Quantology Absolute Return Fund fund was down -2.1% in March as the Nasdaq 100 and S&P 500 posted a solid v-shaped rebound, according to data release by Auatology Capital Management.
Losses on short positions of rebounding stocks such as LivePerson Inc and Paramount Global outweighed gains on long positions like Amazon.com.
A short position on Meta Platforms (FB) was initiated on Feb. 3rd at $245 and was bought back on 24 March at $216 following earnings guidance information.
By month-end, gross exposure had decreased from 95% to 85%, with portfolio positions decreasing from 60 to 45, and a net exposure rising from -5% to +5%.
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.
Quantology’s quant-based signals anticipate share price movements using a behavioural finance driven model. The fund’s investment universe includes the most liquid US listed equities.
