(L to R) Jan Stam, Pieter Spierings, Marc Voncken and Ruben Groot
Amsterdam-based European equity specialist Aster-X Capital Management is making very healthy progress this year with its two long/short funds, thanks in part to a large thematic bet on Turkey and a renewed focus on liquid large-cap stocks.
The Aster-X Europe Fund is up around 21.06% to the end of August, while Aster-X Panorama – a more aggressive take on the same strategy – has made 25.26%.
Both Aster-X funds have between 20% and 30% of their portfolios invested in Turkey, according to co-founder Jan Stam. The Turkish economy has picked up this year and individual companies are...