Quadriga Superfund - Managed Futures

[Surdo]

If you do not trade this fund, you may have to wait a year to get out even! There is nothing wrong with ringing the register. You did the right thing Tommy B!

I was involved with this radioactive crap in 2002-2005 ... averaged down, then averaged out and made over 35%. It was not worth the agita, it only prices once a month. This is a pretend hedge fund with HUGE expenses.

DO NOT get involved unless you can average in and/or hold it 1-3 years.

el surdo

 

[trendlover]

Quote from Surdo:

If you do not trade this fund, you may have to wait a year to get out even! There is nothing wrong with ringing the register.

I was involved with this radioactive crap in 2002-2005 ... averaged down, then averaged out and made over 20%. It was not worth the agita, it only prices once a month. This is a pretend hedge fund with HUGE expenses.

DO NOT get invloved unless you can average in and/or hold it 1-3 years.

el surdo

Thank you Surdo. Pretend hedge fund? Does this mean it takes on the risk of a hedge fund but does not have to say it is a hedge fund? It is a managed futures. You made 20%? but it was not worth the upset to you? 20% is good to me. But I understand that for a 'managed plan' you had to manage it yourself to make the money you made. Is this waht your are saying? So you paid high management fees for a managed plan to make a good profit, but you had to do the work yourself to make the money? No managenent for the fees?

 

[Cutten]

Quote from tommy_b:

This time last year, Superfund was sucking wind and the Series B shares were down about -26% for the year. One year later, Series B is up 60% from the end of March.

So since Jan 1st 2007 it has had an overall return of 18.4%?

 

[Surdo]

Quote from trendlover:

Thank you Surdo. Pretend hedge fund? Does this mean it takes on the risk of a hedge fund but does not have to say it is a hedge fund? It is a managed futures. You made 20%? but it was not worth the upset to you? 20% is good to me. But I understand that for a 'managed plan' you had to manage it yourself to make the money you made. Is this waht your are saying? So you paid high management fees for a managed plan to make a good profit, but you had to do the work yourself to make the money? No managenent for the fees?

I spent the money well!
Exotic vacations, women, and wine.

good trading!

el surdo

 

[Bob111]

I made a substantial (substantial to me at least) contribution to the fund at that time, and I have now redeemed that chunk of it, satisfied with the 60% gain. With that "dry-powder", I intend to buy back into the fund and add to my account when it next goes through a rough patch.

what about expenses? are they included in this number?

 

[Surdo]

Quote from Bob111:

what about expenses? are they included in this number?

The reported numbers are "net", after expenses/performance fees.

You can do quite well with this fund, just be aware of the expenses, and volatility, it only prices once a month, so timing is everything.

surdo

 

[trendlover]

Quote from Surdo:

I spent the money well!
Exotic vacations, women, and wine.

good trading!

el surdo

I agree nothing wrong with ringing the register Surdo, as you say You should enjoy your profits!
You had good timing on realizing your gains.
I thought you had good advice about staying in 1 to 3 years. I took this to mean while waiting for a trend, there is sometimes a big drawdown with this fund, all the while during choppy or sideways times, the fees are also being taken from the capitol. So this fund is not for those who wish immediate gains, but have the patience to wait and not be discouraged if they are in a drawdown.

 

[Surdo]

The ride from 1363.75 to 1083.58 was kinda special in 2003!
I doubled down 2X and got out @ 1730.29.

The most recent NAV is 2141.45!

 

[trendlover]

Quote from Surdo:

The ride from 1363.75 to 1083.58 was kinda special in 2003!
I doubled down 2X and got out @ 1730.29.

The most recent NAV is 2141.45!

Averaged down in 2003?

 

[Surdo]

Quote from trendlover:

Averaged down in 2003?

I bought it in 3 traunches in 2003 and sold it in 2 in 2005!
Why are you surprised?

surdo