Friday, 4 September 2015
Last updated 17 hours 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%.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…