Quantitative Investment Management last year enjoyed success on both the fundraising and performance fronts. The Charlottesville, Va.-based firm’s Global Program, a systematic, diversified futures strategy, made gains in 11 out of 12 months as its assets ballooned from just $527 million to over $2.7 billion.

The Global program was up 1.15% in December, bringing its returns to 28.41% for the year. In comparison, the Newedge CTA Index (the former Calyon Financial Barclay Index) was up just 8.82%. The program’s performance in December was driven by small profits in many futures markets as no individual market distinguished itself last month, according to the firm’s December investor letter.

“Only one sector, metals, suffered a small loss,” the letter read. “As our assets approach $3 billion, the Global Program has clearly demonstrated that it can handle its increased size, making it the CTA of choice for institutional investors. Due to our asset growth, the Global Program will be included in the Newedge CTA Index for 2008.”

The program does not charge a management fee, and its performance fee is 30%. There is a $250,000 minimum investment requirement for fund investors, and a $20 million minimum for managed accounts.