Quote from Maverick74:
Yes, they do this because when they offer these funds in different countries, they have different restrictions. For example, they can't offer the same fund in Europe as they do in the US. So they have to have two seperate funds, I don't know why this is so hard to understand.
Yes, different legal structures for different countries is easy enough to understand. What Nija and others in investing community question is why some funds are closed to new investment and new ones then launced using the same trading strategy. There is no sence in that.
Managers close funds to new investment when they feel that the size under management will have a negative effect on execution of their trading stategies and overall performance. If Quadrigia uses the SAME strategy for all products, why new ones?
And then new ones are marketed with the performance of previous funds. Just because you say that is illegal does not mean it is not done. It is done and is not illegal in Europe.
All products offered in Europe now do not have more than two or three years behind them, yet they are heavily marketed with data going back to 1996. This data is based on a "Genusschein," which is a certificate on a fund, but not a share. These certificates, which are common in Europe, are often offered in a savings plan.
Quadrigia markets itself in Euope as Hedge Fund, when in fact, it is not a Hedge Fund. But that is cool, this is marketing and everyone things they want to be in a Hedge Fund. It sounds better and sells better for the retail investor I guess.
There are managed futures funds available to the retail market. Most have multiple managers and not a single manager such as Quadrigia.
There are some absoutely great managers out there who put lots of work and $$ in their trading infrastructure, operations and on-going research. You won't find them with a big marketing organization or on Park Avenue, but maybe out in some industrial park in Texas or on the Chesapeake Bay. They adhere to industry standards that all understand all over the world. They are respected by their colleagues and competetors. I wish I had the money to give to them.
Institutions tap these managers for their own funds or to construct a multi-manger fund to be sold to people like you and me.
But I do not find a Quadrigia fund in any of these multi manger funds and I wonder why that is? As a potential investor it is a question.
Maverick, my question is fair and like any investor you've got to ask the right questions, keep your green shades on, and never fall in love with your investment because it does not love you.