World’s Best Billion-Dollar Macro Quant Fund Up 21% This Year
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Quantedge gained 6.8% in July on stocks, commodities, forex
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Fund has gained 995% since inception in October 2006
The fund, which uses quantitative models to bet on global macro themes, added 6.8 percent in July, helped by bets on commodities, equities and currencies, according to a newsletter obtained by Bloomberg News, which didn’t elaborate on specific trades. The performance makes the Singapore-based fund the best-performing in the world this year among quant rivals with more than $1 billion in assets, according to data provider Eurekahedge Pte.
Quantedge’s returns stand out as macro managers worldwide are grappling with the impact of years of central bank intervention, conflicting economic signals and muted returns. The fund’s year-to-date return through July compares with a 1.5 percent decline in the HFRI Macro Systematic Diversified Index, which tracks similar strategies…
World’s Best Billion-Dollar Macro Quant Fund Up 21% This Year
