Business Week Online – Derek Izuel, portfolio manager of the $409 million AIM Global Equity Fund/A (GTNDX ), says he is always looking for ways to improve the models that are the basis for his quant-driven portfolio. When Izuel joined the fund at its September, 1997, launch, it was a “fund of funds” — its strategy switched to direct equity investment in September, 1999.
The following June, Izuel became lead manager. He now presides over a five-person quantitative team that mines databases for stocks of all sizes and sectors around the world that are likely to outperform.
The fund has beaten its global equity peers over the long term. Over the three- and five-year periods through November, 2005, the fund gained 19.85% and 7.5%, respectively, vs. returns of 16% and 2.51% for the peer group. However, it has lagged slightly in the short term, rising 10.35% in the one-year period through November (vs. 11.62% for the peers). The fund carries Standard & Poor’s highest rank of 5 STARS.
