AI Hedge Fund


HCP Black Best Multi-Strategy Finland

European


Fund Manager of the Year Finland

Morningstar



HCP Focus five stars

ACQ5

Fund Manager of the year Finland

Hedge Nordic


HCP Quant HCP Focus HCP Black

HCP Quant Strategy

In the long run, small and midsize companies have outperformed large companies. HCP Quant fund uses quantitative methods to pick stocks. The fund invests globally in emerging markets as well as in developed markets, in small and midsize companies. The fund selects the best stocks from tens of thousands of companies, investing in companies that are undervalued simultaneously based on several different measures. In the long run, this kind of systematic quantitative investing has been proved to beat the market.

 

HCP Quant Allocation

21.4.2017
 

HCP Quant Monthly performance

Please note that past performance is not indicative of future performance
HCP Quant strategy commenced operations 4.10.2010
The strategy has been operating under a mutual fund structure since 30.6.2014
The returns for the period 4.10.2010 – 30.6.2014 are gross returns (returns before HCP fees)
The returns after 30.6.2014 are net returns (returns after all fees)
The return numbers are audited
All returns are calculated in euros
 

HCP Quant Performance chart


Please note that past performance is not indicative of future performance
HCP Quant strategy commenced operations 4.10.2010
The strategy has been operating under a mutual fund structure since 30.6.2014
The returns for the period 4.10.2010 – 30.6.2014 are gross returns (returns before HCP fees)
The returns after 30.6.2014 are net returns (returns after all fees)
The return numbers are audited
All returns are calculated in euros
 

HCP Quant Portfolio Manager

Pasi Havia

Pasi Havia

My portfolio HCP quant differs as much from the other available funds in Finland as I differ from my portfolio manager colleagues. I have a long history with computers and I admit of being a full-blooded nerd. I started programming in middle school with Commodore 64 Basic and continued with assembly. When other kids my age were playing Kick the Can, I was trying to break the limits of what computers can do set by engineers. In the dark hours of nights I produced demos, with which we competed against each other in the demo scene in who could bend the limits of computers the most.

Eventually my hobby turned into a career in the IT industry. Before joining Helsinki Capital Partners as a portfolio manager, I worked in large and small organizations. My positions have covered the software developer, software architecture and chief technology officer roles.

I am the author of one of the most popular investing blogs in Finland. In 2011 and 2014, Cision, which is a leading global provider of media solutions, ranked my blog “Kohti taloudellista riippumattomuutta” (towards financial independence) as the second most popular economics blog in Finland. In my first book “Erilainen ote omaan talouteen – Vapaus, onni ja hyvä elämä” (a different take on personal finance – freedom, happiness and a good life), which was published in 2014, I cover the relationship between money and happiness and what kind of role money and consumption play in our lives. The book offers building blocks to improve one’s personal finances through different saving and investing methods.

The investment strategy employed in the HCP Quant fund combines computer modeling and financial theory. It comes naturally to me to form a comprehensible and usable concept from complex and chaotic things. My strengths in investing are strong understanding of probabilities and being rigidly systematic. In investing nothing is certain, but some scenarios are more likely to happen than others. In the HCP Quant strategy portfolio is constructed to have a good probabilities for positive impacts in the future.

I worked years to build the investment strategy, researching different market anomalies and investment methods – their pros and cons. After digging through countless of financial articles, modeling and researching multiple different investment strategies I created the strategy HCP Quant uses. Although historical returns are not a guarantee of future returns, HCP Quant strategy has performed extremely well the entire time it has been in use. Since 4.10.2010 the strategy’s return after fees has been 133% (as of at the end of 2013). I continuously work on improving the strategy. The fact that one can always learn more about investing is one key element keeping me passionate about investing.

The strategy utilizes traditional value investing and small capitalization stock anomaly but in an untraditional way. The strategy uses quantitative methods to pick companies to invest in and only after a company meets several criteria based on numerical facts, a decision to invest in it is made. Some important factors are for example the long-term development of the company’s debt and the company’s profitability.

HCP Quant investment strategy is most suitable to investors who are able to bear equity risk. Additionally it is advisable to have an understanding of value investing and the fact that even strategies that outperform the market in the long run will have periods when they underperform.

-Pasi Havia

 

HCP Quant Tax Calculator

Tax liable investors in Finland have to pay taxes on realized gains annually. With this tax calculator you can compare the HCP Quant fund’s tax efficiency compared to following the same strategy as an individual investor without the mutual fund structure. One of the lines in the graph represents the strategy’s return in a fund form after fees and taxes and the other line represents the after tax returns for an individual investor following the same strategy without fees.

For the calculations, we used a 1% management fee and a quarterly charged 10% performance fee for the excess returns over a benchmark index.

The fund operates free of taxes. Individual investor pays capital gains taxes to the country in which the investor is tax liable, only when withdrawing money from the fund.

 
 
 
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Comparison: 0 % (vs. 0 %) not in a mutual fund form
Was acquisition cost method used: Yes No

 

Our Funds

HCP Black

We focus on analyzing the fundamentals of each investment to see how much it is related to the other investments we have. This active diversification that starts from the fundamentals should result in high return compared to risk.

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HCP Focus

The fund follows a value discipline of investing by purchasing primarily high-quality large- and mid-capitalization stocks at substantial discounts to the estimated intrinsic value.

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HCP Quant

Using a systematic quantitative investing strategy reduces human error in investing. HCP Quant diversifies investments into small and midsize companies globally.

Read more »