It would be an understatement to say that the first year of the CQS New City Global Equity Fund has been eventful. With the US and China trade war, the Covid-19 pandemic and a collapse in the oil price, the world, and consequently the financial markets, have been shaken both by extreme and low probability events. It is a reminder of the difficulty in predicting the macro environment, which lies at the core of our investment strategy. We select our long term holdings for our belief in their ability to successfully navigate different environments thanks to their culture and organisation, as well as their ability to bring value to their clients and customers.
Click below to read our 1 year update.