Monday, 28 July 2014
Last updated 2 days 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."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…