Market neutral strategy

Conservative investors are looking for alternative sources of yield that correlate as little as possible with the movements of stock and bond market prices during times of market stress. However, absolute return strategies tend to show a high dependence on the general direction of the stock market. The BB Europe Equity Market Neutral Fund meets this need for safety and return by avoiding a directional bias towards the stock market, the forex market, and the bond mark

From our universe of the largest listed companies in Europe, 140 are systematically selected as part of a market- and sector-neutral long/short portfolio. The weight of the long side is equal to the weight of the short side, so there is no particular directional bias. The aim of this strategy is to generate a positive and stable return over a rolling 12-month period, regardless of the performance of the traditional asset classes such as equities and fixed income. Every stock in the investment universe is screened using four combinations of factors. Based on this screening, the 5 most attractive stocks in 14 different sectors are bought and the 5 least attractive stocks are sold. This results in a sector- and market-neutral portfolio with a consistently equal allocation of 70 long and 70 short stock positions.

Our expertise

The fund’s management team has decades of experience and it is supported by the in-house capital market research unit at StarCapital.

rule-based strategies MARS

Jens Kummer
Jens Kummer, CFA, Portfolio Manager
  • Since 2018 Director and Senior Portfolio Manager at StarCapital AG
  • 2013 – 2018 Co-founder, managing partner and portfolio manager at MARS Asset Management GmbH
  • 2007 – 2013 Head Multi Asset at SEB Investment GmbH
  • 2006 - 2007 Head Systematic Equity Products, Cominvest Asset Management
  • 2000 – 2005 Head Multi-Management and Product Management at SEB Investment
  • 1998 – 2000 Consultant, KPMG
  • Business management studies, degree in business administration, CCrA, CFA
Damian Krzizok
Damian Krzizok, CFA, Portfolio Manager
  • Since 2018 Director and Senior Portfolio Manager at StarCapital AG
  • 2013 – 2018 Co-founder, managing partner and portfolio manager at MARS Asset Management GmbH
  • 2001 – 2012 Portfolio Manager Multi Asset at SEB Investment GmbH
  • Business management studies, degree in business administration, CIIA, CEFA (DVFA)
Andreas  Bichler
Andreas Bichler, CEFA, Portfolio Manager
  • Since 2018 Director and Senior Portfolio Manager at StarCapital AG
  • 2013 – 2018 Co-founder, managing partner and portfolio manager at MARS Asset Management GmbH
  • 2008 – 2012 Portfolio Manager Multi Asset at SEB Investment GmbH
  • 2001 – 2008 Portfolio Manager BHF-TRUST and Fund Analyst ING Third Party Funds
  • 1998 – 2000 Portfolio Manager and Futures Specialist, Dresdner Bank AG
  • Business management studies, degree in business administration, CEFA (DVFA)
  • Jens Kummer
  • Damian Krzizok
  • Andreas  Bichler

Our investment solutions

The BB Europe Equity Market Neutral Fund is a liquid, market-neutral equity strategy. From our universe of large-cap companies in Europe, 140 are systematically selected for our market- and sector-neutral long/short portfolio.

Product Date ISIN NO. NAV YTD 1YR 3YR Factsheet

BB Europe Equity Market Neutral (Lux)

> I-EUR 28.05.2020 LU1947777014 101.84 -14.84% -17.47% n.a.
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> AI-EUR 28.05.2020 LU1947777105 101.75 -14.83% -17.49% n.a.
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> B-EUR 28.05.2020 LU1947777287 101.10 -15.05% -17.98% n.a.
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> HB-CHF 28.05.2020 LU1947777527 100.57 -15.23% -18.39% n.a.
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> HI-CHF 28.05.2020 LU1947777444 101.22 -15.01% -17.91% n.a.
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> HI2-CHF 28.05.2020 LU1947777790 101.31 -15.05% -17.83% n.a.
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> I2-EUR 28.05.2020 LU1947777360 101.93 -14.79% -17.36% n.a.
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