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Quantitative Equity Management
Investment Philosophy and Process
We believe that:
- Over long periods of time, value investing
produces superior investment returns
- Momentum and contrarian factors work well
with value
- Factors that determine stock price performance
vary across economic sectors
- A systematic model is needed to efficiently
analyze the broad universe of stocks
- Factor-driven models can improve the timing
of purchases and sales
Investment Approach
- We designed QVM as a fundamental, multi-factor
model to:
- Efficiently utilize the key measures of
value and momentum
- Employ a unique set of factors to select
stocks in each sector
- Moderate the value manager tendency
of buying and selling too early
- All buy and sell candidates are monitored
by our analytical team
- Portfolios are constructed on a sector neutral
basis vs. the broad market
In summary, QVM is a multi-factor, bottom-up, sector neutral, stock selection
model.
Investment Process Overview
Please refer to the following for a graphical representation of our complete
investment process, followed by a brief description of each phase.
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