Another Quant Fund shuts down...
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"The current market environment does not offer adequate risk adjusted opportunities for fundamentally-driven quant macro strategies, and that is unlikely to change for the foreseeable future," QFS Chief Executive Officer Karlheinz Muhr said in a statement.
Fundamentally driven quant macro strategies? Sounds like a little of everything.
Fundamentally driven quant macro strategies? Sounds like a little of everything.
Wasn't this a currency trading fund? Performance wan't not good for two years in a row and possible some big clients withdrew. Had they used an ma cross on S&P 500 they would have made close to 26%. Wrong market choice.
http://www.managedfutures.com/program_performance.aspx?fundtype=&productId=20012
"The Greenwich, Connecticut-based firm, founded by economist..."
More proof that economists can't make money.
"QFS isn't alone in complaining about uncertain economic conditions and what managers perceive as a more difficult investing environment."
2013 was the most certain economic environment ever and it is ludicrous these guys are generalizing their currency losses.
Now I can maybe start some currency trading.
http://www.managedfutures.com/program_performance.aspx?fundtype=&productId=20012
"The Greenwich, Connecticut-based firm, founded by economist..."
More proof that economists can't make money.
"QFS isn't alone in complaining about uncertain economic conditions and what managers perceive as a more difficult investing environment."
2013 was the most certain economic environment ever and it is ludicrous these guys are generalizing their currency losses.
Now I can maybe start some currency trading.
fundamental driven quant is just what it says. They generally crunch fundamental data to find value (or growth) and perhaps if macro fund, they use plenty of economic data as well. So no surprise they find themselves in a slump given QE means the rules have been thrown through the window.
Their rules. Not all the rules.