Friday, 26 December 2014
Last updated 2 days 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%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.