Sunday, 28 December 2014
Last updated 3 days ago
Oct 9 2013 | 10:27am ET
The difficult environment for quantitative hedge funds has claimed another casualty.
Sweden's Density will close, Reuters reports. The US$54 million will close by the end of the month, co-manager Jonas Vikstrom said.
"Performance has not been what we hoped for," Vikstrom, managing director of Vikstrom & Andersson Asset Management, told Reuters. "It's been quite bad, actually."
"We aim for a niche in the CTA space, but it's not working out well at all," he added. "We don't have the resources to continue fighting."
Density has lost 26.6% since the end of 2008, the year it debuted. The strategy is down 14.9% this year.
Quantitative funds have been battered this year as central banks and other policymakers have continued their easing strategies, wreaking havoc with hedge funds' computer models.
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.