Quantedge Hedge Fund Rebounds From 2015 Losses With 24% Surge

(Bloomberg) Quantedge Global Fund returned 24 percent this year through the end of March as most peers tumbled, helping it to rebound from last year’s loss.The Singapore-based fund, which uses quantitative models and invests globally, returned 12.2 percent in March after gaining 3.8 percent in January and 6.6 percent in February, according to a newsletter obtained by Bloomberg News. The returns more than offset the 18.3 percent loss made in 2015. Quantedge, which started with $3 million in October 2006, had assets of $1.16 billion at the end of March, according to the newsletter.

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