Saturday, 27 December 2014
Last updated 3 days ago
May 7 2010 | 3:24am ET
Things improved—marginally—for Quantitative Investment Management in April, and just barely, as well.
The firm’s flagship Global Program “surged” 0.91% in the last week of last month, bring its April return to 0.06%. Unfortunately for investors in the $4.4 billion fund, it’s still down 5.68% on the year, thanks in no small part to its worst-ever drawdown in March.
“Strong sell-offs in the US equity markets, which also saw a surge in volatility, drove profits,” QIM said in its monthly performance report. “The modest gain of 0.06% for the month ends a stretch of four straight losing months, the longest in the program’s history.”
The struggles certainly extended to the other versions of the QIM flagship. It’s 1x fund rose 0.08% in April (down 5.7% year-to-date) and its three-times levered 3x fund added 0.25% (down 16.52% YTD).
By contrast, QIM’s Quantitative Tactical Aggressive Fund soared 9.33% on the month and is up 14.83% on the year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.