Quote from USAtrader:
Yeah, what's the deal with the 4% "sales charge"?
Is this standard practice with manged futures funds?
It seems to go to Quadriga ASSET Mgmt, an "affiliate" of Q Cap. Mgmt. Which makes me think that it's owned by QCM. If so then isn't that basically going to Christian?
With the volatility of the fund it doesn't seem to make much of a difference, but still curious.
The sales charge goes to the broker selling the fund. That is he he makes a living. He is responsible for US sales. It's a lot like the kickback that a broker gets for putting you in one of their in house mutual funds versus going to another fund family. Pretty common.