ZADIG MANAGED ACCOUNTS 1Q23 REPORT

• During the first quarter of 2023, the Zadig Managed Accounts Strategy (the “Portfolio”) returned 14.5% gross of fees. The MSCI EUROPE ex UK TR net (the “MSCI Europe ex UK”) returned 9.9% and the MSCI EUROPE TR net (the “MSCI Europe”) returned 8.6%.
• The Portfolio remains concentrated with 14 holdings. It is well balanced across cyclical, defensive and growth names and is exposed to various companies which we think offer attractive risk return profiles. The Portfolio’s 12 month forward P/E ratio is currently 10.9x vs 13.6x for the MSCI EUROPE ex UK.
• During the quarter, we initiated positions in…

Read the ZADIG MANAGED ACCOUNTS 4Q22 REPORT

Visit the ZADIG MANAGED ACCOUNTS PAGE