Quaero Capital is to launch a global equities fund for former Ardevora manager Gianluca Monaco with an investment process focused on cognitive psychology.
Monaco (pictured) joins his former colleague Jon Garland, who is now sales and marketing director at the €2bn (£1.75bn) Swiss asset manager. The pair exited Ardevora, which manages £5bn, two years ago in May 2017.
Two global equity analysts are also due to join the team once they have served notice in their current roles at a major asset manager and investment consultant, Portfolio Adviser understands.
The new fund will be a concentrated equity fund that will employ Monaco’s education in both economics and cognititive psychology. It will aim to “identify and exploit the systematic mistakes made by company managers and investors”, a press release from Quaero said.
Cognitive psychology is a core part of the investment approach at Ardevora, which states on its website that it applies academic research on errors and biases and applies them to financial markets.
