Portfolio management and client service to our clients
In these challenging times, we maintain the view we expressed last week (please see here). Basically, the news flow from this pandemic continues to deteriorate and the extraordinary measures taken by governments are likely to create much uncertainties and volatility in the short term anyway. Whereas it remains extremely difficult to make any meaningful forecasts, it seems to be a very violent but time limited shock to the world economy. Our conviction is therefore that fundamentals will be the determining aspect of the recovery. This should be a positive for active management and reinforces the relevance of our boutique “away from the crowds” investment model.
We would like to keep you up to date with our thinking in this period of extreme volatility and give you a quick update on our funds at QUAERO CAPITAL. In the fog of war, it is extremely hazardous to make any prediction and invariably, these tend to be highly contextual or misguided in a shock such as the one we have experienced this quarter.
We can however make a number of observations that we hope will be useful to our clients.
A new academic study, conducted by Professor Andrew Clare of the Cass Business School, reveals a so-called “boutique premium” in the European fund industry. This means that smaller boutique asset managers offer added value in terms of performance against large competitors in certain asset classes.
QUAERO CAPITAL is one of the official sponsors of the Building Bridges Summit, an exceptional event to be held in Geneva on 10 October that will be the highlight of the Building Bridges Week, a week dedicated to sustainable finance between 7 and 11 October 2019.
Quaero Capital (Luxembourg) SA, the Luxembourg-based entity of QUAERO CAPITAL, has been approved by the Ministry of Finance of Luxembourg and by the Commission de Surveillance du Secteur Financier (CSSF) as a Financial Sector Professional entitled to distribute units of UCIs. The approval has been granted with effect from 1 January 2019.
QUAERO CAPITAL is building on its Environmental, Social and Governance (ESG) capabilities with the hire of specialist ESG analyst Georgina Parker.
Georgina joins from the Swiss sustainable finance consulting firm Conser Invest. She will work with funds across the QUAERO CAPITAL investment department, identifying opportunities to expand and enhance their approaches to responsible investment. She began her career in 2007 as an equity analyst with Bessemer Trust, working in both London and New York.
QUAERO CAPITAL has moved to new offices in London’s West End following its recent merger with Asian fund management specialist Tiburon Partners.
The firm’s decision is based on the expansion of QUAERO following the deal with Tiburon whose staff have moved to the new office in King Street. They have been joined by the existing London based QUAERO staff who, until recently, like the Tiburon staff, had offices close to the new location. The enlarged entity is already trading under the QUAERO CAPITAL brand.
The new office underpins QUAERO’s commitment to the UK with a newly created single business which is managing some EUR2.1billion. In line with their shared boutique philosophy the combined business will remain 100% employee owned and continues to focus on highly concentrated, actively managed, value strategies.
QUAERO CAPITAL CEO Jean Keller said, “We are delighted to be working with our new colleagues in great offices, in an excellent location. We have joined forces with other excellent value specialists whose skills and expertise – in Japanese and Asian equities – are wholly complementary. We are also excited to have a substantial presence in London – one of the key centres for investment talent in the world.”