QIM Slammed In April

May 9 2011 | 1:03pm ET

A disastrous four days erased a strong start to April for Quantitative Investment Management and wiped out the commodity trading advisers' gains for the year.

The Charlottesville, Va.-based firm's flagship Quantitative Global Program roared out to a 3% jump in the first six days of April. But "profits were wiped out swiftly in four days of trading as the program was poorly positioned for a global de-risking following news that the severity of the Japanese nuclear crisis had been raised to the maximum level."

The $5.1 billion fund would up down 2.42% on the month, leaving it with a 1.35% loss through four months. The three-times levered version of the fund did, as expected, three times worse, dropping 7.1% to leave it down 3.8% on the year.

But that was modest compared to the beating taken by QIM's stock fund, the $468 million Tactical Aggressive Fund, which in the space of 30 days went from being the firm's best performer to its worst. The fund lost 10.97% in April, just shy of its maximum monthly drawdown, 11.49% last January, and is now down 3.97% on the year.


In Depth

Q&A: Pantheon’s McCrary Says Private Equity Market ‘Robust’

Dec 17 2014 | 8:32am ET

Dennis McCrary is a partner at Pantheon, a private equity firm with $32.2 billion...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.