24 Mag MIMS – Long Short Equity Fund (Report May 2023)
The fund is actively managed by Minerva IMS, based on a zero-net investment «multi-factor» strategy. The long-short structure implies a market-neutral exposure and limited correlation to the main market indexes while the investment strategy is based on a «multi-factor» quantitative proprietary model design to achieve a systematic, rule-based approach to stock selection. The fund aims to generate a positive absolute return throughout all market conditions.
The inception of the past portfolio took place on December 1, 2022. Therefore, the time frame considered goes from December 1, 2022, to April 28, 2022. Over the period, the portfolio obtained an absolute return of € 3,759 starting from € 100,000 of total exposure (9.46% annualized) at the start date on the long and the short leg. If we consider the cumulative performance starting from November 21, 2021, the portfolio generated an absolute return of € 30,417.