In fact, it is up 12% on the year. Just checked.
Quadriga Superfund - Managed Futures
- Thread starter USAtrader
- Start date
In fact, it is up 12% on the year. Just checked.
I know I know, I don't mind open discussion but when people come on here and say or imply that certain funds have been shut down to poor perfromance and then they just open a new fund, well, I have to straighten them out. LOL.
No restrictions. But you have to wait till the end of the month to add or take out capital.
Even Quadriga refers to them as closed funds. Point is that they issue new funds and market them with the perfomance of closed funds.
BTW, Quadriga AG has -1,17% performance in March, same for Ansparplan (-1.16%) and Cayman (-2,43%). Don't worry, they are already closed for new investors...
It may sound stupid, but there is a major difference between a fund that is closed in the sense of taking no new money and one that is closed as in no longer operational. The former tends to imply success, that the manager has reached the capacity of that strategy. The latter suggests poor performance.
The point of doubt is marketing new funds on closed funds' performance. If new funds have the same strategy as closed ones it seems rather strange to have separate funds, as there are cost benefits in running all the money together. If they have different strategies then past performance isn't really a guide.
That's a general point btw, not aimed at Quadriga in particular.
The point of doubt is marketing new funds on closed funds' performance. If new funds have the same strategy as closed ones it seems rather strange to have separate funds, as there are cost benefits in running all the money together. If they have different strategies then past performance isn't really a guide.
That's a general point btw, not aimed at Quadriga in particular.
Yes, they are closed funds in that they are closed to the public, meaning they are not accpeting more capital. And again, no, they are not misleading investors by issuing new funds and using the performance of old funds, that is 100% illegal in both the US and in Europe. Look, you clearly have no idea what this company does. They have one computer model OK? Just one, this is what they trade off of, all their funds trade off of the same model, they are in the same positions, the only difference between all the Quadriga funds, is the amount of leverage they use and who can invest in them.
For example, the AG and GCT funds are in euros and in dollars but you cannot invest in them as an American. So they created the Superfund. And within the Superfund they created Class A shares which is the AG, and class B shares which is the GCT. The Superfund Caymen is based off of the GCT and is obviously for those who are looking for tax advantaged status. The reason they can infer to the performance of the AG and GCT funds with the Superfund is because they trade off of the same model, they are essentially the same fund, one is in euros, the other dollars.