QIM Edges Up In April

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.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note