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Komfie Manalo, Opalesque Asia:

The Netherlands-based asset manager Saemor fund gained 1.4% in September. Performance was helped by a solid contribution from its long positions, while the short positions performed in line with the market.

Saemor said in its monthly report to investors, "Most sectors contributed positively, of which consumer discretionary added the most. On the single stock level, the Fund gained the most from the long positions in retailer JD Sports, Fashion and auto parts maker Valeo, and short positions in media group Schibsted and Deutsche Bank. By contrast, long positions in metal distributor Kloeckner and betting agency Ladbrokes detracted performance. Within our multi-factor model, we saw a reversal of trends seen last month."

It added that price momentum fared well with the daily volatility of the factor declining. Earnings momentum, profitability and several quality factors also added to the model performance, while value turned into negative territory.

Market developments

Despite concerns over European Banks, Brexit headlines, the U.S. Presidential election, the OPEC meeting, and Fed and BoJ meetings, Saemor noted that the markets remained calm. European equities ended the month broadly flat, up 0.4% MoM. The materials sector benefitted from a rally in commodities. The OPEC outcome g......................

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