QIM Commodity Fund Up 1.2% In Feb.

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.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note