QAM's long bets pay as MSCI short flops


Weightings on the long side during the latter half of the month helped the QAM Asian Equities Fund to gain 12.13% for the month. The quant fund was 32% allocated in Japan, 28% in South-Korea and 18% in Australia with banks, mobile telecoms and exploration and production the top three long side sectors. The fund was short the MSCI Asia Pacific Index, but the fund lost 14.37% on this short hedge, offsetting some of the 26.51% gain on the long portfolio of approximately 60 stocks, explains QAM's Frank Holle.

Although markets have been very sentiment-driven over the past few