Market neutral strategy

Conservative investors seek for alternative sources of returns that exhibit the lowest possible correlation with equity and interest rate markets during periods of stress. However, as the following chart shows, the average absolute return strategy is heavily dependent on equity markets. BB Europe Equity Market Neutral meets the need for safety and returns by avoiding directional dependence on the equity, foreign exchange and bond markets.

Investment Case

Rule-based market-neutral equity strategy

BB Europe Equity Market Neutral is a liquid, market-neutral equity strategy. From the universe of the largest European shares, 140 stocks are systematically selected and combined into a market-neutral and sector-neutral long-short portfolio. At the same time, the weight of the long side matches that of the short side, so that there is no directional market dependence. The objective of the strategy is to generate a positive and stable return over a rolling 12-month period, regardless of the performance of traditional asset classes such as equities and interest rate markets. The attractiveness of each stock in the investment universe is determined on the basis of four factor groups.The five most attractive stocks in each of the 14 sectors are bought and the five least attractive stocks in those sectors are sold. This means that within the sector-neutral and market-neutral portfolio there are always equally weighted allocations of long positions in 70 stocks and short positions in 70 stock

Attractive performance of the MARS L/S Factor Allocation Index

The management team has managed MARS L/S Factor Allocation Index since July 2016. Performance prior to July 2016 has been calculated retrospectively in line with strategy guidelines by the independent index provider Solactive. The index is based on a long and short exposure of 50% each. In the BB Europe Equity Market Neutral, the investment quota for long/short exposure will be 100% each.

Our expertise

The fund management team boasts decades of experience and combines that experience with internal capital market research know-how from 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

BB Europe Equity Market Neutral is a liquid, market-neutral equity strategy. From the universe of the largest European shares, 140 stocks are systematically selected and combined into a market-neutral and sector-neutral long-short portfolio.

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

BB Europe Equity Market Neutral (Lux)

> I-EUR 15.05.2019 LU1947777014 123.21 n.a. n.a. n.a. n.a.
> AI-EUR 15.05.2019 LU1947777105 123.17 n.a. n.a. n.a. n.a.
> B-EUR 15.05.2019 LU1947777287 123.14 n.a. n.a. n.a. n.a.
> HB-CHF 15.05.2019 LU1947777527 123.13 n.a. n.a. n.a. n.a.
> HI-CHF 15.05.2019 LU1947777444 123.16 n.a. n.a. n.a. n.a.
> HI2-CHF 15.05.2019 LU1947777790 123.16 n.a. n.a. n.a. n.a.
> I2-EUR 15.05.2019 LU1947777360 123.18 n.a. n.a. n.a. n.a.

News

Products & Services / 09.05.2019

Bellevue Asset Management launched a market neutral European equity strategy.