Friday, 27 November 2015
Last updated 1 day ago
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%.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…