Friday, 30 September 2016
Last updated 18 hours ago
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.