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....
Read the full article on Seeking Alpha
For further details see:
QBE Insurance: Why We Elected To Exit Our Position