QIM To Reopen Funds

Nov 16 2010 | 4:41pm ET

Commodity trading adviser Quantitative Investment Management will reopen both of its funds on Dec. 1, it said today.

In a letter to investors, CEO Jaffray Woodriff explained that "during the past eight months, volumes and volatiles of the markets we trade have stabilized, allowing QIM to now accept additional mandates while maintaining its return targets."

Both the Charlottesville, Va.-based firm's flagship Quantitative Global Program and Quantitative Tactical Aggressive Fund have been closed to investors since March. QIM said that the former, which currently manages $4.4 billion, has a capacity of between $7 billion and $10 billion, while the latter, which manages $476 million, can grow to between $800 million and $1.2 billion.

The Global Program is down 3.38% through October. The Tactical Aggressive Fund is up 10.17%.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of