The Fund
An Irish Domiciled
UCITS fund.
A Fund from an experienced team using a tried and tested investment process
The QSM Global Equity Long / Short Fund’s investment objective is to generate positive returns on a five-year rolling basis.
It aims to achieve this by primarily investing in liquid equity or equity linked securities using a value-based investment approach, integrating both micro and macro analysis.
Variable Net Exposure
Net exposure will vary through the cycle, depending on the risk/reward trade-offs prevailing at the time. Net exposure will be affected by both micro and macro views.
Limited Gross Exposure
Gross exposure will usually be relatively low. The Fund aims to drive returns via stock selection and portfolio positioning as opposed to leverage.
Micro / Macro Framework
Focus on both bottom-up fundamentals and top-down macro factors. Integrate micro and macro into a coherent view to inform both stock selection and overall portfolio positioning.
Daily dealing
All the Fund’s share classes offer daily dealing.
Long Term View
Markets are increasingly inefficient with respect to time. The Fund’s typical investment horizon for long positions is 5 years and for short positions 2-3 years.
Value focus
Investigate risk /reward trade-offs. Typical long position: cash flow expectations are too low, valuation is low. Typical short position: cash flow expectations are too high, valuation is high.
Highly Liquid
A key risk control is being able to liquidate positions rapidly.
Irish Domiciled UCITS Fund
Manager
Carne Global Fund Managers
(Ireland) Ltd
Depositary
BNP Paribas SA
Fund admistrator
BNP Paribas Fund Administration Services (Ireland) Ltd
Auditor
Mazars
Legal Advisors
Simmons & Simmons
The Fund
Launched on 31.07.24
The QSM Approach
04
Jul 2024
05
Jul 2024
06
Jul 2024
07
Jul 2024
08
Jul 2024
Why QSM?