Saturday, 27 December 2014
Last updated 3 days ago
Feb 8 2013 | 4:26am ET
Australia's Queensland Investment Corp. is getting out of the business of betting on Asia, quantitatively.
The firm has shut down its quant. unit, QIC Quantitative Management, and closed the Asia-Pacific fund it managed. The QIC Asia Pacific Market Neutral Fund, which debuted in 2009, had only US$19 million in assets when Queensland pulled the plug; the liquidation, which began in September, is still ongoing, Asian Investor reports.
QIC Asia Pacific never impressed, returns-wise. It gained 0.7% in 2010, lost 2.83% in 2011 and rose 6.7% last year before Queensland elected to close it.
Two members of QICQM's three-person team, Joe Cole and Michiel Swaak, have left the firm. The other, Timothy Sharp, has moved to a different job at Queensland.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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.