QIM: Trending up on crude and the dollar


Quantitative Investment Management's $1.7 billion Global Program turned in strong results in October as crude oil prices surged and the U.S. dollar declined.

The Charlottesville, Va., firm's flagship program gained 3.98% for the month, outperforming the 2.95% rise in the Absolute Return CTA Index and adding to the firm's stellar returns. For the year through October, the fund gained 23.22%, lifting its net annualized return over 20%. By comparison, the CTA index was up 5.76%. The QIM program, which began trading in December 2001, is directed by Michael Geismar, Jaffray Woodriff and Greyson Williams. Currency bets contributed most