Asia Top-Gaining Macro Fund Offset Franc Loss With Bonds, Stocks

Quantedge Global Fund avoided losses on January 15, 2015, despite the Swiss National Bank’s surprise decision to scrap the franc’s currency cap, which rocked currency funds and investment strategies globally. While the sudden surge in the Swiss franc caused losses in the fund's foreign exchange book, its losses were offset by gains in ultra-diversified bond and equity holdings. This resilience follows a standout 2014 where the fund returned 29.4%, making it the top-performing Asia-based macro hedge fund of the year. Since its 2006 inception, the firm has achieved an annualized return of 30% and grown its assets to 1.05 billion dollars.

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