Quantedge Global gains 5.39% in June


Strong negative correlations between bonds and other assets such as equities and commodities helped the Quantedge Global fund gain an impressive 5.39% in June, taking the year-to-date total to 19.73%.

The fund has a widely diversified portfolio and held assets in all three classes, explains Quantedge's Leow Kah Shin. Highly rated government bonds were the star performers while gains from commodities were able to offset modest losses from equities, he says.

June saw the fifth consecutive monthly gain for the Quantedge Global fund, and Leow believes the fund is entering the second half of the year in a