Quote from Maverick74:
Kernan, I do not work for Quadriga. I have been posting on this thread since the first page. And yes, that was an ignorant statement to make in light of the facts of the fund. If you actually went to their website you would see a few things.
One, their performance dating back to 1996. Two, you would see that 20% drawdowns are not only typical for this fund but expected. So in light of their performance, that is a fund that earns 40% to 50% a year, drawdowns of this magnitude are expected.
But all you had to do was go to their website and you would have seen they had a 30% drawdown last year and the year before and the year before and so on. In fact, typically they have two large drawdowns a year. But you don't do that. Instead you come on this thread and tell us, the investors who are actually in this fund, that last month's drawdown was painful. You, being someone who is not in the fund. Does this make any sense to you?
So far this thread has been pretty productive with only a few minor skirmishes here and there. We are trying to keep it that way. If you are not an investor and you want to ask questions fine. But if you are not even in the fund and haven't even bothered to go to their website, then what do you expect you are going to get on here? This is not rocket science.