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Alternative Market Briefing

Quantology Absolute Return bucks the trend with a positive start to the year

Monday, March 02, 2020

Bailey McCann, Opalesque New York:

Paris-based hedge fund Quantology looks to finish February in positive territory, beating many of its peers as equities drop on coronavirus fears.

Quantology Absolute Return is a quantitative long/short equity market neutral fund. The strategy is led by Julien Messias and invests in a global basket of equities. The strategy is up + 2.2% in year to date and + 2.8% over 12 rolling months. Annualized performance for the fund, which launched in 2017, is 1.30%.

Quantology's performance is notable in a week where equities saw their worst losses since 2008. In Europe, Britain's FTSE 100 fell more than 3 percent and the Dax in Germany fell more than 4 percent. The S&P 500 ended the week down 11.5%.

In a statement released on Friday, US Federal Reserve Chair Jerome H. Powell indicated that central banks were watching markets closely and noted that the Fed would "use its tools" to respond if necessary. Many managers are now pricing in the potential for 2-3 interest rate cuts in the US in 2020. The European Central Bank will also keep rates low and is likely to increase pressure on member states to consider fiscal policy responses.

In an email to investors reviewed by Opalesque, Quantology chalked the positive performance up to uncorrelated investments in the portfolio. 2020's performance builds on positive momentum from 2019 the fund was up 0.02% in a year when many equity market neutral funds ended flat to negative. Accord......................

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