Quote from ellokn:
Quadrigia is not a hedge fund and even got a hard slap on the wrist for marketing themselves as such. It is a rather expensive managed futures fund with HUGE volatility as with most trend following systems.
It is difficult to measure their performance for more than two years out on any single product because the life of each product they come out with seems to be no longer than 2-3 years.
The stuff marketed in the USA is less than two years old and it is difficult to find up-to-date performance. Can anyone say what the current YTD is? (Probably not bad due to some strong trends right now in some markets?)
They did have a managed futures product that dissapeared from the earth, same for an institutional product after a heavy draw down. I suspect that when they hit the draw down phase (which is normal with trend following systems) they kill the product and relaunch a new one.
It is difficult to sell into the retail market with that on the record.
It will be interesting to see what US investors in thier current A and B funds say about Quadrigia 18 - 36 months from now.
BTW, in addition to all the fees in those funds, all trades in those funds go through Quadrigias own IB at a hit of 30/rt.
They've got a good business plan.
I'm not sure where you are getting your info from but let me correct a few things. First of all, they have never dropped a fund! Period end of story! That is 100% false. They started out in 1996 with the Quadriga AG and GCT funds. These funds are the exact same as the Superfund being sold in the US with the class A series being the AG fund and the Class B being the GCT fund, they are the same!!!!!
The AG and GCT funds have been around from 1996 to the present so you CAN track their performance to the present. The AG and GCT funds cannot be owned by american investors because it is not registered in the US, plain and simple. Yes, the fund has had drawdowns, but they have not been bad, typically around 15% to 25%. And they made those back easily within months. Their Current YTD in the B fund is up 23% the first two months. The A series, again, based on the AG fund has averaged about 30% a year since 1996, the year of inception. The GCT fund was created in 1999. It is exactly the the same as the AG fund only they use more leverage. Let me say that again, it is exactly the same!!!!!
So the Superfund in the US is traded off of the same automated computer system that the AG and GCT funds are that have been around since 1996. So no, they have not killed a product and launched a new one. Where do you get this shit from? Are you even in the fund or are you asking for a lawsuit? If you don't don't know something, don't make up lies, say you don't know.
Oh and as far your statement regarding churning their accounts, dude, they are a trend fund i.e their commissions are almost nothing, they don't make that many trades! As far as this being difficult to sell to retail investors, what are you talking about. It is the most successful retail fund in the history of Europe. They are pushing 1 billion in assets under management. I think they are doing quite well thank you very much. Make sure when you post, you post facts. I know this fund inside and out and I will take you to town if you inisist on spreading inaccurate info on this fund.