Saturday, 25 April 2015
Last updated 23 hours ago
Nov 9 2010 | 9:31am ET
Quantitative Investment Management had its best month of the year in October, putting it in position to finish the year in the black with strong performances in the last two months of the year.
The firm's flagship Global Program added 2.45% on the month, cutting its year-to-date loss to 3.38%, the firm told clients. The $3.9 billion program was down as much as 7% this year. QIM's three-times levered version of the fund rose an estimated 7.48% last month and is down 10.03% on the year.
October's numbers allowed the firm to boost its leverage to 50%, QIM said. The firm credited its addition of three new markets to its managed futures trading program and falling Treasury yields, as well as "excellent predictions on market direction" for the month's performance.
The Charlottesville, Va.-based firm's $524 million Tactical Aggressive Fund remains QIM's best on the year, despite a huge September loss. That fund is up 10.17% after recovering in October to rise 0.9%; it lost 7.97% in September.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…