Quote from riskarb:
Man... Quadriga really took it in the ass; down almost 20% in April! So much for making money in any environment.
Dammit riskarb, you are nothing but a @#@#@#@#@#!!!!!
Sorry, just kidding.
Actually Quadriga was up about 15% or so in May and they are up nicely for the year. These 20% to 25% drawdowns are pretty typical. You should have seen it last year. All over the place. I kind of like drawdowns though if they can be controlled. It let's me know that these guys are at least shooting for some real returns.