Quadriga Superfund - Managed Futures

Hey:
You know it is interesting that way back (I don't know how many pages) several comments were posted about drawdowns signalling problems with the overall strategy. Then there are a lot of comments by a poster called Maverick defending the Q fund. Not much about Schindler however. Seems like those cautionary comments were about right on the money. Although I am not knowledgeable about Schindler, it seems that they were not using as much leverage and so investors may have had to take less pain in that fund. I think it is obvious that there are too many programs in the market now (funds of all types). Many trying to apply similar strategies to the game. Not enough retail participation either. That seems to be the main reason why funds are running aground. Until I see someone who has better skills, I am going to continue to do my own trading. Lefty
 
Performance Data from the European Web-Site:
Superfund A -10.6%
Superfund B -15.5%
Superfund C -20.4%
All those numbers are for Non-US-Investors, but given that they are YTD (two weeks trading), January has been a rough ride for many CTAs.
Good trading, OL
 
Quote from olintner:

Performance Data from the European Web-Site:
Superfund A -10.6%
Superfund B -15.5%
Superfund C -20.4%
All those numbers are for Non-US-Investors, but given that they are YTD (two weeks trading), January has been a rough ride for many CTAs.
Good trading, OL
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ouch. they must have been leveraged long.
 
Came across this by accident, but you guys have amused me intently for the last 1/2 hr or so whilst I perused the comments...some pretty techy people out there!!
On a serious note, I am a CTA looking for a Third Party Marketer and wondered if any of you could recommend some? I am listed in the top ten with the ususal suspects(autumngold,barclays,Iasg) but am not getting much of a response..!!
Any pointers appreciated

www.fitrol.com

regards
Nick
 
Nick,

I would recommend against getting a marketer. Your listings and CTA registration are still brand new. Your record is good, albeit brief. I would recommend focusing on continuing to churn out solid returns month after month and the calls will come. Marketers will want a cut. If you really want someone (for a cut), Perry at IASG will talk up your fund to some institutions that he deals with. Just keeping yourself near the top of the lists in these places is the best marketing you can get.

Good Luck
 
Interesting thread here, especialley when I look from the European point of view.

One in advance:Generally you have to understand, that the Superfund products in Europe are unregulated to a far extend and even unregistered in many of the main countries (except Luxembourg for the GCT).

There is nothing similar as the registration procedure with the SEC or CFTC in the US regarding these products in the main countries although the registration in the US does not mean regulation and supervision ba any meaning.

Simply, the supervisory bodies in the countries where Quadriga products in Europe are sold do not have the legal authorithy to regulate and audit these things and obviously not by coincidence they are not sold in some big countries like the UK and France.

In Germany and Austria for example you invest in a limited partnership in a non operational company ( 100% owned by Baha ) which gives your investment as a non repayable loan to a (100%) doughter company in Grenada which is managed by an other company 100% owned by Baha in Grenada which uses an other company owned 100% by Baha as introducing broker.

Nevertheless to say that such complicated structures cost money. For exmaple the expense ratio in the audited statements of 2003 for the GCT is roughly 16% calc. on the year end NAV.

J.
 
Jan 2005 Issue of MAR and Jan 31 Issue of Barron's has ACE Investment Strategists #1 over the last 36 months




Quote from LRD:

Risk adjusted?

The article was in MAR, can't remember which issue.
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