The Quant Asset Management (QAM) Global Equities Fund gained +19.9% in April on the back of equities market rallies worldwide.
The Fund, which has the heaviest regional weighting towards the US (22% at the end of the month) followed by Europe (France 12%, Germany 9%), and heaviest industry weighting towards banks (23%), benefited immensely from the strong rallies in these markets during the month. Broken down, the overall result came from a +35.77% gain in long equity positions, less a -15.87% loss on short futures.
QAM's other fund, the QAM Asian Equities Fund, made a smaller gain in April, up +4.39%. This result comprised a -20.55% gain in long equities less a -16.16% loss on short futures. The Fund ended the month strongly weighted towards South Korea (36%) followed by Thailand (15%) and Hong Kong (12%).
