Monday, 27 February 2017
Last updated 2 days ago
Jul 7 2010 | 11:47am ET
Quantitative Investment Management appears to have bucked the trends facing both its fellow commodity-trading advisors and the hedge fund industry generally in June with a 0.42% return.
The Charlottesville, Va.-based firm credited its “contrasting positions in energy products” with driving “performance in a muted month for risk.” In particular, QIM pointed to index futures and a “positive month in metals trading.”
Following June’s bump, the firm’s flagship $4.2 billion Global Program is down 6.61% on the year. Its 1x fund is down 6.57% after a 0.4% estimated jump last month, and its 3x fund is down and estimated 18.71% after gaining 1.29% on the month.
QIM’s $527 million Quantitative Tactical Aggressive Fund ended its strong first half with a strong June, rising an estimated 1.65% on the month to end 2010’s first six months up 16.78%.