Equity Long Short

Olivier Mollé and Gilles Sitbon, Sycomore Asset Management: “Basel III and Solvency II should be a game-changer for the way banks and insurers manage their capital reserves”

Olivier Mollé (pictured) and Gilles Sitbon, who run the L/S Market Neutral and L/S Opportunities funds respectively at Paris-based Sycomore Asset Management, say both the long/short funds are seeing increased interest from investors seeking more uncorrelated returns for a greater portion of their assets under management, whether they are focusing on capital preservation or looking for equity market exposure with lower volatility. »

Kilian Kentrup, Entrepreneur Partners: “Cultural understanding is an important advantage when using direct contact with management to interpret business decisions”

Kilian Kentrup (pictured), manager of the Trias L/S Fund at Zurich-based Entrepreneur Partners, says he uses fundamental and news flow-driven proprietary screening tools, bottom-up research, regular direct contact with management and field trips to identify long and short equity and equity-related security investments among some 400 listed companies in Austria, Germany and Switzerland. »

Julien Stouff, Pictet Asset Management: “The purchase of convexity positions protect against and profit from major market moves”

Julien Stouff (pictured), head of the team managing Pictet Asset Management’s newly-launched Kronos Fund says the global long/short equity trading strategy, previously offered as a Luxembourg-domiciled Sicav-SIF and before that as a trading book, follows an investment approach in which quantitative stock selection, convexity positions – deep out-of-the money options – and active trading are intertwined… »

Jonathan Gordon, MET Capital Management: “We expect stocks to respond more to micro and fundamental aspects, which should be favourable for our strategy”

Following two years of difficult market conditions for long/short equity manager MET Capital Management, the firm’s head Jonathan Gordon expects a return to the trending markets that enabled it to achieve extremely positive returns between 2007 and 2009, as well as a growing willingness among investors to look beyond the largest and longest-established hedge funds. »

Athanasios Ladopoulos, Swiss Investment Managers: “Directors’ share transactions should continue to provide ample investment opportunities”

Athanasios T Ladopoulos, senior partner and senior portfolio manager of Swiss Investment Managers, says the Directors Dealings Fund, which uses a proprietary investment methodology focusing on share transactions by companies’ directors and senior executives, offers sophisticated investors non-correlated returns accompanies by robust risk management techniques. »

Vernon West, Skyline Capital Management: “Despite the global economy’s mid-cycle slowdown, rates are low, liquidity and economic slack are abundant, and valuations are cheap”

Vernon West (pictured), chief executive of USD47m global long/short equity specialist Skyline Capital Management, says the firm, which offers its strategy through Cayman and Ucits vehicles, seeks to tap into emerging market growth resulting from accelerating domestic consumption as productivity improvements boost income per head and increased automation as firms substitute capital for labour. »

The Interview – Carl Bernadotte, CB Asset Management: “Unlike other long/short strategies, we short an index, not individual stocks, so we don’t have to generate short ideas”

Carl Bernadotte, founder of Stockholm-based CB Asset Management, says the four-year-old CB Hedge fund draws on the firm’s existing investment management work and due diligence by selecting stocks from the long-only European Quality Fund, reducing market risk by shorting the MSCI Europe index. »

The Interview – Carl Meurling, Emeralt Investments: “We are one of the few long/short equity managers left in emerging Europe”

Carl Meurling, chief executive of Russia and emerging Europe specialist Emeralt Investments, says many investors want exposure to the region with limited and controlled risk, making the firm’s funds a good alternative to long-only products that are completely exposed to market risk. »

The Interview - Paul Kennedy, GWM Group: “There is now less dislocation within markets and opportunities are increasing on the short side”

Paul Kennedy, managing director and chief investment officer of GWM Group, says investors are looking for funds, such as the firm’s newly-launched long/short European Ucits fund 7H Absolute, that provide low net exposure and generate alpha through a strategic long-term approach and a short-term trading overlay to maximise returns without an increased risk profile. »

The Interview – Michael Kart, Marshall Spectrum: “Rusal’s successful IPO in Hong Kong should open doors for other Russian and CIS issuers”

Michael Kart, manager of the Spectrum funds at Marshall Spectrum, says the firm’s two equity funds are poised to benefit from expected new equity placements, restructuring of the telecoms industry and continued liberalisation of energy markets in Russia and other countries of the former Soviet Union. »

Upcoming training

Mon, 12/05/2014 (All day) - Dubai
Tue, 13/05/2014 (All day) - Dubai