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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of