People Moves Quantitative Strategies
7IM Tweaks Intraday Trend Allocations
Jul 20, 2023
London-based Seven Investment Management, with GBP9 billion in assets under management, is making some changes to its intraday trend allocations to improve diversification. “We’ve added slightly to intraday trend following on the Nasdaq as an underlier [to] diversify our core holding in intraday trend following on the S&P 500,” said Matthew Yeates, deputy chief investment officer. This comes as the rise in equities has been more pronounced in tech equities, he said.
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