You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Quadriga Blow Up
- Thread starter Trend Fader
- Start date
The philosophical question to ask is this the death of trend following methodology/system/techniques/whatever you call it(it does NOT have to be a mechanical sytem to be call trend following. )
If too many people are doing trend following then it's the end.
Or is the market just "bad" in the sense that there is no more big macro trends to ride this year 2005.
Every few decades you hear people complain and say it's the death of trend following. And then lo behold a new trend starts...
In the 70s it was commodities. 80s-90s was equities. If you traded gold or other commodities in the 80s-90s with a trend following system you would have probably lost since no major trend existed. Then 2000-2004. FX, Gold, and other commodities surging up.
So, it begs is trend following over or is it the trend just ended until the next trend comes along...
If too many people are doing trend following then it's the end.
Or is the market just "bad" in the sense that there is no more big macro trends to ride this year 2005.
Every few decades you hear people complain and say it's the death of trend following. And then lo behold a new trend starts...
In the 70s it was commodities. 80s-90s was equities. If you traded gold or other commodities in the 80s-90s with a trend following system you would have probably lost since no major trend existed. Then 2000-2004. FX, Gold, and other commodities surging up.
So, it begs is trend following over or is it the trend just ended until the next trend comes along...
I won't be surprised if it heralds the beginning of a new era in trend following.
If a big trend follower closes shop in this environment, the ripple effects will kill off many smaller trend followers trying to raise money or trying to persuade their investors to stick with them through the next drawdown.
Since other trendfollowers are primarily responsible for killing off the efficacy of trendfollowing, fewer survivors might bring back the glory days of trends.
Just idle speculation of course.
If a big trend follower closes shop in this environment, the ripple effects will kill off many smaller trend followers trying to raise money or trying to persuade their investors to stick with them through the next drawdown.
Since other trendfollowers are primarily responsible for killing off the efficacy of trendfollowing, fewer survivors might bring back the glory days of trends.
Just idle speculation of course.
Quote from Virtuoso:
Ummm I don't think Quadriga is a true "hedge-fund". Shit they left Maverick in and you know his ass wasn't accredited. Also, I was under the impression that Quadriga was a trendfollowing fund in the futures market, so what is the author babbling about GM's debt for?
While 30% is a nasty drawdown I'd be hard pressed to call it a "blow-up", many a fund have come back from worse...
yes. yes. yes.
Can somebody help me? When I look at quadriga funds performance on their site, they give numbers for NAV of their funds. Do this numbers come after all fees (including performance or incentive fee) are subtracted? For example, their last year results of Superfund L.P. Series A were +11.35% (in accordance with this NAV figures). Was this number 11.35% calculated after all management and incentive fees were subtracted?