Investment Objective
AlphaCore One is an absolute return equity fund investing primarily in the German speaking area It aims to generate superior risk adjusted returns in all market environments Active fund management is at the core of the strategy maximizing long term performance The fund’s stock selection process is based on fundamental, bottom up research A concentrated portfolio is constructed with a rigorous and disciplined risk management process in place.
Latest Meeting Note
Meeting 02 Oct 2020
JMS was founded in 2008 as a long short equity boutique with a focus on the DACH region (Germany, Austria, and Switzerland). The firm employ a fundamental, bottom up research process to build a concentrated long/short portfolio (20 longs... Read more
JMS was founded in 2008 as a long short equity boutique with a focus on the DACH region (Germany, Austria, and Switzerland). The firm employ a fundamental, bottom up research process to build a concentrated long/short portfolio (20 longs and 10 shorts plus factor hedges) with an average net exposure of c.30% and gross <100%. There is a fairly strong small and mid-cap bias across their investment universe which is relatively small at 250 stocks, with the focus on gaining a deep understanding of the underlying businesses through primary research and an active programme of engaging with companies/management. Given the focus on fundamental stories the team tend to avoid businesses with commodity exposure or more macro driven stories where their edge is likely to be lower. Given the investment universe capacity is around EUR250m, and the fund will soft close at around EUR200 (firm AUM is currently at EUR160m).
Performance
JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 0.4 | 0.3 | 0.9 | 0.9 | 0.9 | 0.0 | 0.9 | 1.0 | 0.4 | 0.7 | 0.5 | 1.0 | 0.6 | |
2022 | 0.6 | 0.7 | 0.4 | 0.8 | 0.1 | 0.0 | 0.1 | 0.9 | 0.1 | 0.2 | 0.9 | 0.2 | 0.3 |