Thursday, 20 November 2014
Last updated 7 hours ago
Jan 14 2011 | 1:19pm ET
Singapore-based Quantedge Capital already knows what it wants for Christmas: to be managing twice as much at the end of the year as at the beginning for the second year in a row.
The quantitative firm plans to more than double the size of its global macro hedge fund by the end of the year to US$200 million, Bloomberg News reports. And it has some pretty impressive marketing materials: The Quantedge Global Fund returned a whopping 80% last year, its best year since launching in 2006.
The fund currently manages about US$75 million, and should break that US$100 million mark by the end of the first quarter.
Quantedge co-founder Leow Kah Shin told Bloomberg that the firm is looking for investors who "understand the need to accept short-term volatility in exchange for strong long-term capital growth."
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...