One of the World’s Best Quant Funds Plunged 29% in March

Quantedge had a stellar 2019, with flagship fund up 70.5%
Fund had delivered annualized returns of 22% until February

A solo pedestrian uses a smartphone by the Singapore River in the business district during a partial lockdown in Singapore on April 9.Photographer: Wei Leng Tay/Bloomberg

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By David Ramli

April 14, 2020 at 9:00 PM UTC

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In December, Singapore’s Quantedge Capital Pte was celebrating one of its best-ever years. Now, it’s just rounded off its worst month in history, showing how quickly the coronavirus has upended hedge funds.