Good Times Roll For Millenium Quant Fund

Nov 7 2008 | 2:00am ET

Millennium Global Investments’ Global Quantitative fund is up 7.19% in October and 6.54% year-to-date.

The $10 million fund, which started trading in May 2007 with institutional seed capital, is a systematic long/short strategy that trades foreign exchange, fixed income, commodities and equity indices.

Senior quantitative portfolio manager Taher Khan said none of the fund’s long positions made money in October, except its U.S. dollar, Japanese yen and long bond positions.

“But the longs did serve as good hedges during the two market recoveries during the month,” he said. “The good times are continuing this month, [the fund is] up a couple of percent so far in November.”

Prior to Millennium, Khan and his co-portfolio manager Arne Hassel managed Corylus Capital, a systematic global macro hedge fund seeded by UBS.

Millennium Global Investors manages US$15 billion in total assets.


In Depth

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...