The Luxembourg Financial Group has opened an UCITS-III compliant version of Quant Asset Management's global equities fund, on behalf of Quant.
The Luxembourg Financial Group has opened an UCITS-III compliant version of Quant Asset Management’s global equities fund, on behalf of Quant.
The Quant Global Equities Fund launched on 15 March 2011, with the Luxembourg Financial Group as its investment manager.
Within a UCITS III structure, the fund seeks to replicate the success of the QAM Global Equities Fund available since 2004. It is managed by the co-founders of the original Quant offshore fund, Frank Holle and Chatchai Ngampakdeepanich.
Open initially to institutional investors looking for a more regulated structure, the fund will pick equities from major indices including the Nikkei, FTSE, S&P, Dax and CAC.
As many as 2000 stocks are included, covering all sectors. It takes a quantitative approach, looking in particular for stocks with an earnings upgrading. It also includes index futures, shorting the MSCI world index.
Six more funds are lined up for launch by the Luxembourg Financial Group, which enables hedge fund managers to open flagship and new funds within a UCITS-III framework via its Liquid Alpha UCITS Platform.
New funds set for launch include three due in the next week or two that have already received regulatory approval.
One is an US equities fundamental long-short hedge fund from New York manager Act II. The other two are offered by FTSE listed RAB Capital, seeking to capitalise on global mining and resources and gold and precious resources equities respectively.
Expecting imminent regulatory approval is a fund from emerging markets specialist hedge fund RP Capital, based in London.
An FX fund from UK-based Cornhill Capital is also set for launch soon, pending one regulatory point. The same applies to an index-linked fund trading on fixed income currency and commodities markets from German investment manager Fortinbras.