Quadriga Superfund - Managed Futures
- Thread starter USAtrader
- Start date
Quote from Aaron:
Thanks, Maverick. But putting my name with these other guys reminds me of the Sesame Street game "One of these things is not like the others..."
Aaron Schindler
Schindler Trading
Nice to see a sense of humour around here......
Off topic I know but I used to see you at the top end of the 'Rankings' sites quite regularly....we've all had a tricky year but (if you wouldn't mind sharing) what would you say has been the biggest factor for your program this year?
regards,
Nick
Hi Nick,
The Schindler Trading Program had a big 49% drawdown in the middle of 2004 and then had a 95% runup to mostly recover. But because I don't care to have such a big drawdown again, I reduced the leverage by half in April -- so that's been a big change.
Other than that, we've got our trading fully automated now through eSignal, Dynaorder, and Interactive Brokers and we've expanded to trading nine different futures contracts: Nasdaq, Dax, Eurostoxx, Nikkei, T-notes, Bund, gold, oil, & the Euro.
Aaron Schindler
Schindler Trading
Those are the German funds. I was referencing the Superfunds A and B in America. We cannot invest in the German funds over here so those are of no interest to us. The Superfund A was up 10% last year and the B was up 17%.
And there is no right or wrong here. Hedge funds have risk. If you don't like the risk, don't invest. Pretty simple. John Henry took a bath this year too. His funds are down three times as much as Quadriga's. However, I suspect he will do fine as well.
And by the way, with those fees, Quadriga made money every year for 8 years straight. Those fees didn't seem to hurt performance then. Oh yeah, this time it's different. Spoken like a true trader.
Kinda' reminds me of the taxi driver job I had years ago...the owner said you get 60 bucks a shift and it was a 12 hr. shift...I said that was not even minimum wage. He said yes, but you get the tips..I said yes but those would be mine and not for you to justify lower wages...or you would be getting MY tips...
Who said this world was fair...but imagine the outstanding yields these funds would have if they paid most of the profits out and took a reasonable cut...and hey I am taking the risk right?...If a fund does great..then it should be ME taking off the top, because with increasing yields comes increasing drawdowns to ME!
Michael B.
Who said this world was fair...but imagine the outstanding yields these funds would have if they paid most of the profits out and took a reasonable cut...and hey I am taking the risk right?...If a fund does great..then it should be ME taking off the top, because with increasing yields comes increasing drawdowns to ME!
Michael B.
Does anyone here happen to have their disclosure document from 2002? I am curious to compare it to the current one.
I do wonder about the marketing toward smaller investors though. These funds are pretty volatile, and I would think it would cause many of their investors to have a fit. I have to assume the average person with their $5k minimum doesn't understand what to expect from a heavily leveraged futures fund.
Of course I personally believe that's "tough shit". If they want to play, they should understand the game. But unfortunately, the vast majority of the public doesn't understand the game.
I do wonder about the marketing toward smaller investors though. These funds are pretty volatile, and I would think it would cause many of their investors to have a fit. I have to assume the average person with their $5k minimum doesn't understand what to expect from a heavily leveraged futures fund.
Of course I personally believe that's "tough shit". If they want to play, they should understand the game. But unfortunately, the vast majority of the public doesn't understand the game.
Actually, I do understand and put as lot of thought into my post!
I took a taxi once to the Quadriga office, the cabbie looked a lot like Electric Shock.
The prospectus clearly states the Risks involved investing in managed futures and is on their web site for all that really give a rat's ass, other than whining on here.
I had a few brown stains in my shorts during the drawdowns.
http://www.superfund.net/us/AboutQuadriga.asp?Site=Download
The prospectus clearly states the Risks involved investing in managed futures and is on their web site for all that really give a rat's ass, other than whining on here.
I had a few brown stains in my shorts during the drawdowns.
http://www.superfund.net/us/AboutQuadriga.asp?Site=Download
