Trium Capital has launched a new European equities fund that taps into the ‘quantamental’ trend in long/short investing.
The Trium European Equity Market Neutral Ucits fund will be co-managed by Nikki Martin and Tom Ayres and run using a blend of quantitative analyst and fundamental stock picking known as quantamental investing.
The fund will charge a 0.75% annual management fee and have a performance fee of 20%.
‘We are seeing strong investor demand for this strategy,’ said Donald Pepper, co-head of Trium Capital.
The fund has launched with more than $100 million of seed capital. Pepper also stated there is a strong pipeline of institutional, wealth manager and family office investors at various stages of due diligence planning to invest in the fund.
He said: ‘The historic profile of returns has been very steady and, in these uncertain times, investors are placing a premium on reliability. As one investor said to me: “Boring is good!”’
Martin added: ‘Most of the quant strategies emerging these days rely on big data to crunch numbers, without understanding the nuance of what these numbers mean. While it can help identify inefficiencies that exist due to human biases, we strongly believe in the fundamental side of the process.’
Recently, Trium Capital hired portfolio manager Thomas Roderick, who worked with Hugh Hendry for half a decade on a global macro portfolio at Eclectica Asset Management, the company Hendry founded.
In September, the boutique set up by ex-Winton Capital Management chief investment officer Matthew Beddall also launched a quantamental fund.
Called the LF Havelock Global Select fund, it follows what the firm defined as ‘augumented intelligence’ – making use of technology to increase efficiency but relying on human judgement for ‘high impact’ tasks.