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Alternative Market Briefing

Saemor Capital fund returns 9.3% in H1, complies with AIFMD

Friday, July 25, 2014

Komfie Manalo, Opalesque Asia:

Quantitative investment management specialist Saemor Capital B.V., reported that its Saemor Capital Europe Alpha Fund returned 9.3% in the first half of 2014 (+6.5% in June), the highest in the equity market neutral and quantitative group categories.

Saemor Capital’s Founder and CEO Sven Bouman said a pro-risk approach at the start of the year and subsequently a more cautious portfolio stance have worked out well.

"The long as well as the short book of the fund performed well. Almost every sector made a positive contribution. On a stock level, long positions Actelion, Pandora, Enel, Statoil and Yara were instrumental. Several short positions also added to the performance as their share prices came under pressure after issuing a profit warning," he said.

Bouman continued, "Our quantitative stock selection model posted very solid returns. We look at roughly 50 factors in four quadrants: valuation, momentum, profitability & growth and quality. For the year almost all the factors we look at are in black with earnings revisions being the standout performer. Value factors are second-to-best. Early in the year investors were buying stocks with low cyclical valuation like price-to-book. Subsequently the more defensive value factors started to do well as economic data started to come in below expectations. As a result high dividend stocks came back in favor, helped by the low interest rate ......................

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