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Bailey McCann, Opalesque New York for New Managers:

Markets were volatile in the first quarter and are likely to remain so for the rest of the year. Against this backdrop, European equities have been especially challenged. However, one hedge fund argues that these challenges are likely to be surpassed by other themes on the continent.

Zurich-based Bellecapital's Belle Core Europe Eiger Fund, which invests in European small-cap and mid-cap equities is finding new opportunities in the volatility.

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. Since then, the team has managed successfully through other geopolitical uncertainties including the interest rate increases that started in 2022 and now the war in Iran......................

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