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Alternative Market Briefing

Dutch ESG hedge fund returns 18% in first seven months

Monday, October 21, 2019

Arent Thijsen
B. G., Opalesque Geneva:

The Altaica Sustainable Equity Long Short (SELS) Fund is an up and coming ESG hedge fund; since its launch in March, it has returned 18.2% through an astute selection of stocks that have high ESG ratings, the use of factor modeling, risk hedging and leveraging.

100% of the fund's NAV is invested in the core portfolio, made up of stocks in 30 to 35 companies from most economies. Every investment has an equal share in the portfolio. More weight is currently given to technology, industry & services, and basic materials than other sectors.

The leverage positions are in ESG (environmental, sustainability, and governance)-rated ETFs, such as Think Sustainable World ETF, iShares MSCI Wordl SRI and iShares MSCI Japan ESG Enhanced.

"We make use of ETFs to leverage the portfolio because this way we can easily increase or decrease our leverage," says Arent Thijsen, manager of the fund and CEO of Blauwtulp. Blauwtulp is a wealth management and private family office founded in 2007 and located in Rotterdam, NL.

The SELS fund is a continuation of the Altaica EUR-Asia Emerging Fund, originally launched in July 2015.

The new fund was started after Blauwtulp had been working with a group of analysts who were running a successful ESG equity portfolio, Thijsen explains to Opalesque. "This insp......................

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