Friday, 24 October 2014
Last updated 1 hour 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%.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...