QVP In June 2015
The end of June was a volatile time for investors with Greek insolvency and a feared departure from the European Union, coupled with China’s free-falling market, causing considerable uncertainty. With that in mind, our signature large-cap value strategy, QVP, saw a -3.58% return for the month, slightly behind the S&P 500. At KAM we have called for a pull-back this summer in the market and we have been vindicated in that regard with the S&P 500 peaking back in May with two uns