QBEIF - QBE Insurance: Why We Elected To Exit Our Position
2024-07-12 10:20:00 ET
Summary
- QBE Insurance Group has been one of the leading contributors to the Catalyst Fund over the past few years.
- While we had been cautious on the company for many years given the industry headwinds it was facing, our view was that it was underappreciated by the market.
- Several of the catalysts we identified have been realised and we therefore elected to exit the position.
The following segment was excerpted from this fund letter.
QBE Insurance ( QBEIF )
QBE Insurance Group has been one of the leading contributors to the Catalyst Fund over the past few years. We believe it offers a good case study on how our contrarian based investment philosophy, medium term investment horizon and focus on Value, Quality and Catalysts can deliver strong performance....
QBE Insurance: Why We Elected To Exit Our Position