Aegon equity spin-off Saemor finds its stride
Fri Nov 25, 2011
Backed by nearly €500 million of money from its Dutch insurance company parent, the well-performing Hague-based firm is now looking to attract other investors for its market-neutral and model-based European equity approach
Saemor Capital, the Hague-based quantitative hedge fund manager
set up in 2008 to manage the European alpha equity portfolio of
Dutch insurance giant Aegon, is having a very good year with
its sole strategy, the market-neutral Saemor Europe Alpha Fund.
Market-neutral funds have generally fared better than their
long/short counterparts in 2011, with the EuroHedge Equity
Market Neutral & Quantitative Strategies index showing a
return of around 2% this year to the end of October compared
with losses in long/short equity.
But the Saemor fund has outperformed the median of its peer
group substantially to return 11.20% for the year to date - a
result that the firm attributes, at least in part, to the
strategy's ability to incorporate human input alongside its
core quantitative processes.
Saemor Europe Alpha is managed by CEO/CIO Sven Bouman, who
was previously head of equities at Aegon Nederland....
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