The high-flying Quantitative Investment Management, Jaffray Woodriff's $5 billion commodity hedge fund firm, is closing its two largest funds to new investments at the same time the fund has hit a streak of poor performance.
QIM will hard close its $4.5 billion Quantitative Global Program, which has lost 8.28% since September, and its $400 million Quantitative Tactical Program, wrote Woodriff in a January 28 letter to investors. While neither fund has hit...