Thursday, 23 October 2014
Last updated 3 hours ago
Feb 11 2008 | 1:00am ET
Quantitative Investment Management has launched a pair of new hedge funds. The Charlottesville, Va.-based firm in November unveiled the Quantitative Tactical Fund and the Quantitative Fund.
The Tactical fund is a diversified equities hedge fund, currently trading only U.S. names. It is traded solely using price data, similar to the firm’s flagship Global Program. The fund trades the 1,500 most liquid U.S. names, with plans to expand into Europe and Japan this year. In its first three months of trading, the $126.8 million fund is up an estimated 11%.
The Quantitative fund is a multi-strategy fund of funds that currently invests solely in the 1X versions of other QIM funds, including the Global, Tactical and the Ultra funds. Its annualized volatility is expected to range from 6% to 9%, and allocations made to the fund in 2008 will receive a 10% fee discount for the life of the investment. The fund has returned an estimated 0.38% and is currently managing $1 million
Last year, the $2.8 billion firm also launched the Ultra fund, offered in both 1X and 3X share classes, which uses the same modeling process as the Global Program, but with a much longer-term holding period of one or two years. Launched last August, Ultra trades the same 27 futures markets as the Global Program and returned an estimated 13.31% in 2007. However, it started off the new year down 12.7%.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...