Uncia Asset Management Launches New Equity L/S RIsk Premia Fund

Oct 27 2016 | 4:46pm ET

Paris-based alternative investment firm Uncia Asset Management has debuted a new UCITS-compliant risk premia-focused strategy aimed at taking advantage of price volatility following earnings announcements. 

The new vehicle, named the Uncia Smart Premia fund, soft-launched in August, according to an article in Citywire. It uses a proprietary, quantitative approach to capitalize on signals leading up to an earnings release, and initiates either long or short positions when the market opens following the announcement. 

The fund’s selection universe is limited to members of the NASDAQ 100, since the companies in that index tend to have high levels of institutional participation and brokerage coverage and thus the greatest chance of moving sharply one way or the other following an announcement. 

All positions are initiated with an initial 4.5% weighting in the portfolio, Citywire added, The fund expects to hold a stock for the three months until the next announcement.

Uncia’s co-founder, Julien Messias, reportedly oversees the new fund. He also leads the company’s two other investment strategies, the Uncia Global High Growth and Uncia Global Long Short Equity funds.


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