Sunday, 29 March 2015
Last updated 1 day ago
Mar 4 2011 | 9:24am ET
Quantitative Investment Management's flagship hedge fund continued its run of strong performance in February, but the commodity specialist's long/short equity fund finally cooled off after a hot streak that saw it return more than 15% last year.
Charlottesville, Va.-based QIM's Quantitative Global Program returned 1.2% last month and is up 1.5% this year. The $4.9 billion fund's February performance was driven by "strong trading in stock index futures and U.S. interest rates," the firm said.
"The program participated on both sides of the market as volatility in the medium and long-term U.S. treasury futures helped to generate profits. Potential looming inflation and a strengthening U.S. economy drove treasury prices down in the first half of the month. Prices rose in conjunction with demand for safer assets during the month’s turbulent second half. Although currency trading was flat for the month, the euro was the program’s best performing market for the fourth consecutive month," the firm wrote in an investor letter obtained by FINalternatives.
Two funds based on the flagship, the $326 million 1x fund and $302 million 3x fund were also in the black in February, the former rising an estimated 1.27% (1.58% year-to-date) and the latter an estimated 3.83% (4.85% YTD).
QIM's nearly three-year-old stock fund, however, lost an estimated 1.63% in February. The $476 million fund is still up 4.48% on the year, having followed its 15.16% 2010 surge with a 6.17% jump in January.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…