Finlabo Dynamic Equity aims to provide an absolute return over time in Euro by investing in a selected portfolio of European stocks and by managing market risk using equity index futures. The equity portfolio is invested usually in about 100 stocks selected from a universe of more than 2,000 stocks listed on European stock exchanges. The stock picking process is based on a multifactorial model developed in-house that uses both fundamental and technical criteria. The net exposure of the fund can vary between -10% up to 90%, while the gross exposure is always below 180%. The fund has one of the longest track records in its category – over 8 years – and has had an average correlation below 0.3 with equity markets. During bull markets the beta of the fund can increase to 0.7 while in bear market the fund can have even a negative beta.
Inception date: July 24th 2006
AuM: EUR 81 million
Sharpe ratio (3Y): 1.50
Volatility (1Y)): 7.26
1 month performance: 0.35%
3 month performance: 5.25%
36 month performance: 36.52%
YTD performance : 9.36%
Ann. perf. since inception: 7.10%
(All data as of April 30th 2015)
Finlabo SIM is an independent asset manager authorized and regulated by Bank of Italy and Consob. Founded in 2006 by Alessandro Guzzini (CEO) and Anselmo Pallotta (CIO), Fimag-Gruppo Guzzini (one of the main industrial groups in Italy) holds a share in the company as well. Finlabo SIM is an asset management boutique focused on equity hedge strategies based on a quantitative investment approach.
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