Global investment strategies deliver robust Q1 2024 performance with assets under management rising to USD 3.15 billion, quarterly returns surging by 20.2% against benchmark indices, and strong momentum across technology, artificial intelligence, electric vehicles, fintech, cryptocurrency, and digital finance positioning the firm at the centre of structural economic transformation.
London, 24 April 2024
The first quarter of 2024 provides a clear indication of how Picktan Capital Limited is navigating market volatility while generating competitive returns. Strong growth in assets under management alongside benchmarkbeating results illustrate the effectiveness of the firm’s strategy across highgrowth industries and reinforce its reputation within global asset management.
FIRST QUARTER HIGHLIGHTS
• Fund Performance: USD 3.15 billion assets under management, up 4.5% yearoveryear
• Quarterly Returns: 20.2%, outperforming benchmark indices by 14 percentage points
MANAGEMENT COMMENTARY
Picktan Capital Limited reports results for the opening quarter of 2024 that highlight both scale and resilience in volatile markets. Assets under management reach USD 3.15 billion, representing a 4.5% increase over the preceding 12month period, while the flagship fund achieves a Q1 return of 20.2%, outperforming a composite benchmark by 14 percentage points. These figures consolidate the firm’s position within the competitive landscape of global asset management.
Richard Hart, Chief Trading Officer, attributes the outcome to breadth across strategies and depth within targeted sectors. He states that “2024 presents its own set of challenges, but the rapid changes in the global market also create new opportunities.” With a new fund focused on four highgrowth industries, Hart stresses that “technology, electric vehicles, artificial intelligence, and fintech are already attracting significant attention due to successful components.”
The company frames these industries as structural drivers of the new economy. Hart remarks that “the momentum these industries are gaining has surpassed even our expectations,” adding that “the fund is performing exceptionally well, and it is attracting significant investor interest because of its ability to tap into the most transformative forces shaping the future.”
The strategy combines thematic conviction with disciplined stock selection. NVIDIA serves as a cornerstone allocation within the artificial intelligence portfolio, with Richard Hart noting that “NVIDIA is leading the charge in AI, and as adoption continues to accelerate through 2024, its position in the market is becoming even more integral.” He underscores the stock’s strong performance in the current fiscal period and signals confidence in its continued growth potential.
Electric vehicles remain an essential pillar. Hart comments that “the transition to electric vehicles is already under way, and as governments continue to implement stricter emissions regulations, this shift will only accelerate.” The fund maintains exposure to manufacturers with sustainable cost advantages alongside investments in enabling infrastructure such as charging systems and power electronics.
Financial innovation is another axis of growth. Richard Hart describes the convergence of artificial intelligence, electric mobility, and fintech as “a onceinageneration investment opportunity,” explaining that “our fund is uniquely positioned to capitalise on this convergence and continues to generate impressive returns.” By combining technologydriven business models with strong balancesheet resilience, the firm emphasises its ability to capture growth without sacrificing risk control.
The evolving role of cryptocurrency also features within the investment outlook. Hart observes that “cryptocurrency has moved beyond a niche market to become a key element of modern finance.” With decentralised finance gaining broader institutional traction in 2024, the fund includes carefully sized allocations that reflect the growing integration of digital assets into global markets.
Picktan Capital Limited projects confidence for the remainder of the year. Richard Hart concludes that “the obstacles we are facing are temporary, but the potential of these sectors is longterm. The fund’s success and growing attention confirm that we are wellpositioned to continue delivering significant value for our investors over the rest of the year.”
About Picktan Capital Limited
Picktan Capital is a researchled investment firm focused on technology, artificial intelligence, electric vehicles, fintech, and digital finance. The company applies a thematic and fundamental approach to capture structural growth trends and to manage risk through market cycles. Under the leadership of Richard Hart, the team aims to deliver consistent outcomes for clients during periods of volatility.
For more information, visit www.picktancapital.com.
MEDIA CONTACT:
Sophie Hayworth
Media and PR Manager
Picktan Capital Limited
Telephone Number: +44 (0)203 773 8881
Address: 1 Canada Square, London, E14 5AX, United Kingdom
media@picktancapital.com
