Paris-based John Locke Investments' smart equity fund is up almost 22% year-to-date, outperforming its longer-standing CTA and market-neutral products.
The long-only hedge fund, which started trading in 2016, focuses on European stocks and invests in the UK through equity swaps. It is up an estimated 21.8% this year through 13 August, according to its website.
"We overweighted the small-caps, momentum, value and the beta factors in which we managed to capture a good return compared to our peers" business development director Benoit Quernin told HFM.
Cyril Systematic, the firm's $60m flagship strategy, a short-term CTA, made 6% in July and is down 0.3% for the first seven months of 2021 (in its Ucits class). Trading for more than two decades, it is a CTA fund investing in liquid financial futures across stocks, rates and currencies internationally.