Wednesday, 23 July 2014
Last updated 10 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…