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Bailey McCann, Opalesque New York: Despite a challenging year for European equities, some managers are finding opportunities. Zurich-based Bellecapital's Belle Core Europe Eiger Fund, which invests in European small-cap and mid-cap equities, posted a second straight month of gains in November with a return of 4.09%.
The fund is led by Ben Eichenberger, Thomas Fritz, and Pascal Kueenzi. The team first started working together at Vontobel Asset Management where they worked on small-cap strategies. The strategy is a fundamental discretionary long/short equity strategy that invests in European companies with a particular focus on Switzerland, Germany and the Nordics.
The Eiger Fund invests in all sectors, looking for companies that have high growth potential. The fund portfolio typically includes 30-50 core positions and the investment team monitors what it calls a "farm team" of potential additions.
The fund launched in August 2019 during a generally positive time for equities only to run into the pandemic and the war in Ukraine. The fund ended 2021 positively, up 1.24%. The volatility of this year has led to more mixed success, but trends turned positive near the end of the year. There is already a level of volatility associated with investing in small and mid-cap equities, which has led the fund to focus on risk management. The fund's risk management framework focuses primarily on capital preservation. Still, the investment team will take advantage of...................... To view our full article Click here
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