Looking back on QIM’s strategic shift and Conquest Capital’s wakeup call

AR also revisits Sprott’s debunking of the gold myth.

One year ago

»» Quantitative Investment Management, the Charlottesville, Va., managed futures firm, planned to enter as many as 30 new futures markets and tweak its leverage policy to allow for more flexibility. “We sought to develop a better way to de-lever during periods of subpar performance while also allowing for a smoother return to full leverage as performance improves,” wrote QIM chief executive Jaffray Woodriff in a March 2011 letter to investors.

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