Macro manager Quantedge performs impressively, on track to reach $200m


Singapore-based Quantedge Capital is on track this year to achieve its goal of more than doubling assets under management from last year, on the back of strong performance. Its Quantedge Global Fund, a global macro strategy, outperformed other global macro strategies when it delivered an impressive 80% return in 2010; year to date, the fund is up again by another 20%.

The fund AUM has grew to $125 million by mid-May from only $77 million at the end of last year, a 65% jump generated mostly from new subscriptions from family offices and funds of funds on top