Sat, Aug 13, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Saemor's pro-momentum stance resulted in strong input from long book

Tuesday, May 16, 2017

Benedicte Gravrand, Opalesque Geneva:

The Saemor Europe Alpha Fund returned 4% in April, thanks to its Growth and Quality styles as well as its Momentum strategies, while Fair Value and Cyclical Value metrics ended in the red.

According to the managers at Saemor Capital, "these trends indicate that we are moving closer towards the end stages of this economic cycle."

As the fund's performance in April has shown, they add, the latter part of the cycle is typically a good spot for their multi-factor approach, when high risk and cyclical value aren't the dominant styles anymore.

Saemor Capital is a specialist in quantitative investment management based in The Netherlands. The $473 fund is a market-neutral long/short equity hedge fund incepted in June 2008. It is up 5.3% YTD.

The fund's long positions in LVMH and Christian Dior contributed to the returns, just as LVMH announced it was to acquire Dior's shares that it did not yet own and regroup the entire Dior brand within the LVMH group. Longs in BE Semi Conductors and other cyclical names such as Kering, JD Sports, UPM, Michael Page, PEAB and Persimmon were also among the most successful holdings for the month. Negative contributors were mostly cyclicals, namely Indutrade and Cobham.

Among the European sectors, cyclicals dominated last month's performance, with Industrials, Consumer Discretionary and Financials outperforming, according to the man......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  2. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  3. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  4. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  5. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: Castle Hall, the Du