Julien Messias B. G., Opalesque Geneva: Quantology Capital Management is a Paris-based hedge fund and specialist of behavioural finance. Its motto is "No beliefs, only processes". It has emerged as one of the best absolute return houses in France in the last couple of years. Quantology's investment philosophy rests on four pillars, Messias explains, namely, psychology, quantitative finance, systematic investing and collective intelligence. On the psychology side, the managers believe equity market opportunities are mainly linked to behavioural biases, and that the psychology of investors does not change over time. So exploiting it creates a robust source of alpha. "We exploit behavioural basis dating back to more than 50 years in the academic literature," he says. "We think that equity markets are highly unpredictable Thus we only work on corporate event-driven opportunities that create robust price momentum."