Quant fund’s successful start erased in the last two years
The outperformance of the Magnificent Seven has given the global quant fund, which mainly invests in small caps, a hard time for the past two years.
In the first 18 months since it launched in June 2020, Annox Quant Global Equity ESG fund obtained a return of 80%. But in 2022 and 2023, the first fund from Copenhagen-based asset manager Annox has underperformed and yielded negative returns, reports Danish business daily Børsen.
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