CQS New City Equity has launched its Global Equity fund, focused on an actively managed portfolio of public equities with a market capitalisation of no less than $3bn and listed in developed markets, primarily the US, Europe and Japan.
Led by Raphael Pitoun, the investment team will undertake rigorous fundamental analysis of the market to identify companies and then build a concentrated portfolio of long term holdings. These companies will typically offer high quality products and services with sustainable business models, a good history of innovation and excellent internal organisation; particularly in their management of human capital and corporate governance.
Raphael Pitoun has close to 20 years' experience in equity markets. Pitoun joined CQS in September 2018 from Seilern Investment where he was chief investment officer and portfolio manager.
Commenting on the launch of the fund, Pitoun said: "There is clear evidence that the bulk of stock markets' performance is delivered by only a handful of listed equities. By focusing selectively on these exceptional companies, with strong but comparatively predictable returns, we believe we are well positioned to deliver consistent outperformance over the cycle for our clients."
The fund will be Irish domiciled, offer daily liquidity and be UCITS compliant.