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Bailey McCann, Opalesque, New York:

New-York based QuantZ Capital Management's QuantZ Equity Market Neutral fund has reported strong year-to-date numbers. QuantZ is +6.06% YTD net & +20.72% LTD. Those numbers put the fund at +38.84% better than HFRXEH LTD since Jan 2011 with a Sharpe ratio of 2.3 as of July 16th according to sources familiar with the firm.

The fund's strategy is to invest in a variety of market neutral sub-strategies that aim to be largely uncorrelated to each other as well as the S&P 500. Fund investments take place over a several different time horizons as well. The fund was awarded best quant fund at this year's Battle of the Quants in New York City.

The fund is managed by Milind Sharma, a former prop trader at RBC. Sources familiar with the fund note that QuantZ's view that continued central bank easing would be unable to continue drawing short term rallies has been correct. They also note that given the continued uncertainty investors are finding themselves seeking black swan exposure through equity market neutral funds such as QuantZ.

The fund has also raised concerns about a Chinese hard landing, coupled with Indian stagflation, noting that regardless of the European outcome, these two factors could present significant headwinds going forward. So much so that these factors may foster a coordinated global recession without significant policy action.

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