Obscure Hedge Fund Leaves Sleepy Swiss Town and Trounces Rivals
- Quantica’s flagship fund gains 26% using ‘trend following 2.0’
- Zurich firm adjusts for volatility to catch market turns early
Photographer: iStockphoto
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In 2017, Patrick J. Aregger took over an obscure hedge fund based in a sleepy Swiss town. He moved its base to Zurich, shook up operations -- and trounced the trend-following competition.
Quantica Capital AG’s flagship fund is up 26% in 2019, compared with a 9% gain for an index of commodity trading advisors, a breed of quant that uses futures contracts and typically surfs market momentum. In September the firm attracted about $100 million of new money, taking assets under management to $550 million.