A $1.2 Billion Equity Quant Fund Run by QIM Is Up 55% This Year
- Fund posted 13% gain in May compared with 1.2% rise in S&P 500
- QIM’s managed futures vehicle is up 5.2% year to date
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Quantitative Investment Management, the $3.5 billion money management shop run by Jaffray Woodriff, saw its tactical hedge fund return 55 percent in the first five months of the year, according to an investor document seen by Bloomberg News.
The Charlottesville, Virginia-based quantitative firm’s $1.2 billion Tactical Aggressive Fund -- which only invests in equities and exchange-traded funds -- ended May up 13 percent, adding on to a 9.2 percent gain in April.