Singapore’s Quantedge breaches $1 billion in AUM after big gains

July 07, 2014  

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Quantedge, the quantitative global macro fund based in Singapore, is the latest Asian hedge fund to join the billion dollar hedge fund club, following a strong performance in May and June. Launched in October 2006, it has come a long way from the relatively humble start of its flagship fund with just $3 million.

The fund scaled to $1.049 billion in AUM by the end of June, after delivering a robust 6.6% return last month on the back of an 11.3% gain in May, aided by buoyant global markets.

This has propelled the first half-returns for the strategy to an impressive 45%, making Quantedge one of the best performing macro hedge funds from the region this year.

Quantedge’s strong performance in May was its second double-digit gain this year, just behind the 12.8% return it generated in February.

A Quantedge spokesperson said that May and June were good months in the global financial markets with equities, bonds and commodities all registering gains. The firm expects to see the team grow in a bid to further enhance its research capability and operational strength.

The Quantedge strategy has delivered positive returns every year since inception, except in 2008 when it experienced a 22.6% loss. Its biggest annual gain was in 2010, when it returned 82.4%. The portfolio managers use statistical models to allocate capital, but do not employ day-trading strategies – holding on to their positions for periods ranging from a couple of weeks to several years.

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