Business Week Online – Derek Izuel, portfolio manager of the $409 million AIM Global Equity Fund\/A (GTNDX ), says he is always looking for ways to improve the models that are the basis for his quant-driven portfolio. When Izuel joined the fund at its September, 1997, launch, it was a “fund of funds” — its strategy switched to direct equity investment in September, 1999.<\/p>\n
The following June, Izuel became lead manager. He now presides over a five-person quantitative team that mines databases for stocks of all sizes and sectors around the world that are likely to outperform.<\/p>\n
The fund has beaten its global equity peers over the long term. Over the three- and five-year periods through November, 2005, the fund gained 19.85% and 7.5%, respectively, vs. returns of 16% and 2.51% for the peer group. However, it has lagged slightly in the short term, rising 10.35% in the one-year period through November (vs. 11.62% for the peers). The fund carries Standard & Poor’s highest rank of 5 STARS.<\/p>\n