Investment Objective
The fund aims to generate a positive return over long term irrespective of the market cycle. In order to pursue this objective the fund will gain a long exposure to companies that are assumed to be trading in the public market at a price below its intrinsic value while seek a short exposure on the companies considered to be trading at an expensive valuation.
Latest Meeting Note
Meeting 27 Apr 2021
Virtuoso is a global long short equity strategy managed by Aimone Beretta (previously at Crossinvest & Farema) and Alberto Matuozzo (ex. Farema). The fund employs a “Fundamental Bottom Up + Catalysts” approach. Fundamental analysis ...
Virtuoso is a global long short equity strategy managed by Aimone Beretta (previously at Crossinvest & Farema) and Alberto Matuozzo (ex. Farema). The fund employs a “Fundamental Bottom Up + Catalysts” approach. Fundamental analysis is at the core of the process but is supplemented by a data driven/quantitative approach to supplement understanding and inform portfolio construction and risk management. The aim is to identify businesses trading at a discount to intrinsic value for the long side, and the inverse on the short. The team like to invest in situations where there is a catalyst and these can include change in business drivers, balance sheet optimization and corporate activity. The fund is run with an average net exposure of 50% with the gross 130% -150%
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.7 | 1.0 | 0.6 | 0.9 | 0.5 | 0.2 | 0.9 | 0.8 | 0.9 | 0.5 | 0.3 | 0.8 | 0.9 | |
| 2022 | 0.2 | 0.1 | 0.8 | 0.3 | 0.2 | 0.1 | 0.8 | 0.4 | 0.1 | 0.1 | 0.2 | 0.6 | 0.8 |
