BTW, here is a link to Curtis Faith's book on Amazon.
http://www.amazon.com/Way-Turtle-Me...1855204?ie=UTF8&s=books&qid=1173283143&sr=8-1
http://www.amazon.com/Way-Turtle-Me...1855204?ie=UTF8&s=books&qid=1173283143&sr=8-1
Quadriga Superfund - Managed Futures
- Thread starter USAtrader
- Start date
It's volatile and in keeping with the nature of trend following strategies, and many of the funds out there that trade this strategy.
If you invested in the peak of performance in 2002, you are underwater. If you invested early in 2004, you are underwater with negative annual returns. This can be said for many trend followers of late.
So an investment, this is not. A trading vehicle? The costs are too high to time this kind of fund investment.
Similar trend following funds that have great continuous performance over this time are :
Campbell Global Asset Fund B Shares:
2002
11.12%
2003
14.94%
2004
8.37%
2005
18.71%
2006
3.19%
DEC Futures Fund, Ltd:
2002
57.47%
2003
-14.04%
2004
43.76%
2005
14.72%
2006
154.39%
Fall River Capital:
2000
31.14%
2001
12.03%
2002
41.23%
2003
36.82%
2004
-26.03%
2005
-42.38%
2006
25.34%
Shindler Fund LP:
2001
25.87%
2002
96.94%
2003
2.34%
2004
7.34%
2005
6.34%
2006
20.49%
It is not the strategy that is a problem, but the enormous cost of superfund to its investors. That is the true hurdle to returns for investors as the numbers show.
If you invested in the peak of performance in 2002, you are underwater. If you invested early in 2004, you are underwater with negative annual returns. This can be said for many trend followers of late.
So an investment, this is not. A trading vehicle? The costs are too high to time this kind of fund investment.
Similar trend following funds that have great continuous performance over this time are :
Campbell Global Asset Fund B Shares:
2002
11.12%
2003
14.94%
2004
8.37%
2005
18.71%
2006
3.19%
DEC Futures Fund, Ltd:
2002
57.47%
2003
-14.04%
2004
43.76%
2005
14.72%
2006
154.39%
Fall River Capital:
2000
31.14%
2001
12.03%
2002
41.23%
2003
36.82%
2004
-26.03%
2005
-42.38%
2006
25.34%
Shindler Fund LP:
2001
25.87%
2002
96.94%
2003
2.34%
2004
7.34%
2005
6.34%
2006
20.49%
It is not the strategy that is a problem, but the enormous cost of superfund to its investors. That is the true hurdle to returns for investors as the numbers show.
schindler is FAR FROM a trend fund. plus are you including fees, costs, expenses in your calculations? please do better research next time.
surf
surf
Agree, Schindler trading is not a trend following fund.
Dude, you are data mining. I can find a fund out there that used lunar cycles last year that cleaned up in the markets. Show me 1,000 trend following funds and place Quadriga in that pool and see where they rank. Don't go out and find 3 in a sea of thousands and act like you are making a point.
Sweet, but what good is all that if he managed to burn it away with an 80% drawdown afterwards?
MAN AHL Fund. $2.6bln. Equity curve a LOT LOT smoother than the Superfund garbage. Also check out Winton, another good fund.
With Superfund, if you managed to enter on the May 2002 (!!!) spike you're still in the red.
Quote from makloda:
Sweet, but what good is all that if he managed to burn it away with an 80% drawdown afterwards?
MAN AHL Fund. $2.6bln. Equity curve a LOT LOT smoother than the Superfund garbage. Also check out Winton, another good fund.
With Superfund, if you managed to enter on the May 2002 (!!!) spike you're still in the red.
You are also data mining. Look guys, trader 101, you cannot data mine to make empirical arguments. Capeesh? And if you are going to pick a random data in May of 2002 to get long Superfund, I can show you several dates where you actually could have gotten out at a profit. They recently made a new all time high in January. Seriously, if you guys want to argue about fund performance, stop being such light weights and bring something more substantial to the table if you want to be taken seriously.
Funny that you should mention both the Man AHL fund and the Winton fund in the same post, Makloda. Today they both got mentioned in the same Bloomberg article: <a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=az_CxbjDvVIw&refer=home">Man Group, Winton Hedge Funds Bruised by Market Rout</a>.
The article says AHL dropped 8.2% last week and Winton dropped 5.9% in February. These sorts of drops are "a normal, if unwelcome, feature" of the firm's strategy, says David Harding, founder of Winton Capital. Winton was up 17.8% in 2006, and AHL was up 5.4%.
Aaron Schindler
Schindler Trading