Sunday, 26 April 2015
Last updated 1 day ago
Mar 22 2011 | 9:06am ET
Quant AM has launched a Luxembourg-based UCITS III version of its Quant Global Equities fund.
The US$24 million UCITS fund will track its successful, BVI-based sister fund, which has returned 18.5% annually since 2004.
Like the QAM Global Equities fund, the new fund will employ a “Top Rights” investment strategy, buying undervalued stocks with upward earnings revisions while minimizing risk. The portfolio consists of 100-200 stocks (long) and a basket of futures (short) based on a dynamic hedging model.
Frank Holle, co-founder of the Quant AM SICAV, said, “We are really excited about being able to offer our award-winning fund in UCITS III form. Our strategy fits perfectly within the UCITS framework and we will have to make no alterations to the way we run our fund.”
The new fund has been set up as a Luxembourg UCITS III SICAV in partnership with Luxembourg Financial Group.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…