Alici’s Qvidtvm Gains 46% With Bets on Lubricants, Elevators
- Burak Alici focused on consumer goods, industrials in 2021
- Alici’s Qvidtvm set up SPAC that’s searching for deals
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Qvidtvm Inc., a money manager headed by Burak Alici, gained 46% last year, helped by investments in old-economy businesses like Valvoline Inc., a maker of automotive lubricants and chemicals, and elevator company Otis Worldwide Corp.
Alici, a veteran Morgan Stanley mutual fund manager before setting up his own firm, has long focused on less glamorous investments that can offer strong returns plus some technology firms. His performance in 2021 compared with a 19% total return for the MSCI ACWI Index of global large and mid-cap equities. In 2020, the firm’s first full year of trading, it notched a composite gain of 87% when the index returned 17% including dividends.