Hedge Funds Performance

QIM reopens to new investors despite flagship’s flagging performance


Jaffray Woodriff’s funds were closed for nine months.

After closing to new money earlier this year, Jaffray Woodriff has reopened his flagship Quantitative Global Program and his smaller Quantitative Aggressive Fund to new investments, citing improving market conditions despite poor performance in the larger fund.

The $4.44 billion Global Program is down 5.2% for the year through November. Launched in December 2001, the Global Program gained 11.94% in 2008 and 11.07% in 2009 and has produced a net annualized return of 14.79% since inception.

The $476 million Tactical Aggressive fund is up 11% for the year through November. Tactical launched in May 2008 and returned 40.51%