Chahine Capital hits €1bn AuM cap and launches US equity fund

Chahine Capital hits €1bn AuM cap and launches US equity fund

Luxembourg-based boutique Chahine Capital has recently announced a new addition to its Digital Stars fund range with the launch of the Digital Stars US Equities fund.

The quantitative momentum-focused manager, that has been acquired last January by Iris Finance International, covers a universe of 2,400 stocks of which it selects 100 holdings. The fund aims to outperform the S&P 500.

Chahine Capital, which runs the Luxembourg Sicav Digital Funds, has reached the €1bn threshold of assets under management. As of 16 October 2017, assets managed in the Digital Funds Sicav only were €914m.

Earlier this year, the company launched the Digital Stars Smaller Companies fund which consists of a momentum strategy focusing on European small caps. It holds 92 positions and had €21m of assets as at 16 October 2017.

Julien Bernier, chief investment officer of Chahine Capital, said that the team is looking at new research territories, adding that themes such as market timing, multi-factor approach, emerging markets are considered by the boutique. Bernier also pointed out that the manager monitors developments in the artificial intelligence space.