基本資料

投資策略

本基金的投資目標是在各種市場週期實現卓越的投資回報，同時最大化與整體美國股票市場相關的風險調整回報。本基金的投資團隊經驗豐富，集中運用精深的由下而上之分析及宏觀經濟見解來識別投資機會。本基金主要投資於大型及中型市值的美國股票，也可能把握機遇投資於非美國股票及小市值股票。本基金不受市值、風格及類別所限制。投資團隊重視業務較易理解、長期增長潛力強勁及進入門檻偏高的公司。這些公司有下列特點：- 盈利增長強勁和估值合理 -即將出現各項催化因素，例如：盈利優於預期或推出新產品 -被誤解的資產價值 -基於已知市場風險而出現過度市場折讓 .



團隊亦會評估管理層的質素，考量因素包括其是否致力於利好股東的活動，如提供股息及進行股票回購、對保守會計方法的採用，以及具備管理層獎勵措施（包括直接股票所有權等等）。 



團隊的流程包括基於市場機遇不斷變化，從而靈活調整投資組合。

基金經理人

• Nappo Anthony
• 資歷 4年(2015-06-30 至今)

• Anthony Nappo is Co-Chief Investment Officer for the Select US Equity Portfolios and a Portfolio Manager/Research Analyst covering healthcare and energy. Before joining the firm in 2011, Nappo was a portfolio manager at Surveyor Capital, a group within Citadel LLC, where he managed a long/short healthcare portfolio and an analyst team. Prior to that, he was a portfolio manager with Caxton Associates for eight years, in charge of healthcare and energy for both long/short and long-only strategies. Nappo started his career in finance as an equity research analyst at J.P. Morgan Securities. He graduated first in his class with a BS in management from Binghamton University and holds an MBA in finance from the University of Pennsylvania’s Wharton School. Nappo is a CFA charterholder and member of the CFA Institute and the New York Society of Security Analysts. Location: New York

• Feuerman Kurt
• 資歷 7年(2012-05-16 至今)

• Kurt Feuerman is Chief Investment Officer of Select Equity Portfolios at AllianceBernstein, focusing primarily on equity securities traded on US exchanges. Prior to joining the firm in June 2011, he was a senior managing director and senior trader with Caxton Associates for more than 12 years, and a managing director for nine years with Morgan Stanley, where his responsibilities included managing part of the firm’s US equity business. Earlier, Feuerman was a managing director with Drexel Burnham Lambert for six years, specializing as a sell-side securities analyst. He began his career in 1982 at The Bank of New York. Feuerman holds a BA in philosophy from McGill University, an MA in philosophy from Syracuse University and an MBA in finance from Columbia University. Location: New York

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