27 Sep 2017 Quaero launches market neutral strategy focussing on disruptive innovation
Quaero Capital, who already run a long/short European Equities UCITS, have launched an Equity Market Neutral fund focussing on disruptive technologies and radical innovation.
The fund has been seeded with 7MUSD and returned a bit more than 12% in a model portfolio running since Nov 2016 with both the long and short side in positive territory. The model portfolio has positive exposure to companies like Honeywell and Siemens, expected to benefit from increasing factory automation. The short side of the portfolio contains offline retail food players, mall owners and heavily indebted REITS.