Mav: Just ignore them already, if they're being unreasonable. I think Ninja's comments come from the fact that you seem to know an awful lot about Quad, like someone who is on the inside. Thanks for all the info. that you provided since I started this thread. Among the posts, beside for some garbage, are some very informative ones. Ninja, You're funny about that Mav working Quad stuff. But on a more serious note, what are youtalking about re: shown b/4 taxes??? What taxes? No funds give after tax returns. Everyone pays differently. Am I missing something here?
OK, again, when these funds are issued, they are issued like private placements in that they have a set amount of capital, say 500 million. That's it. That means once that 500 million is reached, if it's reached, the fund will then be closed. Even if they wanted to put more money in, they couldn't. So what do they do then. They issue another private placement and do another offering for 500 million. I have explained this at least five times on this thread and I really think either you get it or you don't by now. Now as far as why they are not doing fund of funds and going after the insitutional crowd, well I asked them that in NY. First of all, fund of funds is a crap way to go. I know a lot of people in that business and it becomes all about the smooze, typical wall street. Taking out sales guys to get laid, taking them out on the town, all so they push their clients into their fund of funds. Trust me when I say its a joke. The best funds never get in their fund of funds and it's all politcal. As for the institutional crowd, Quadriga use to market towards them but they found it very time consuming and very expensive and felt it was not worth the return to do so. Again, very typical wall street, you have to deal with all the BS just to get UBS to buy a 200 million dollar portion of the fund and then you get to listen to them make demands when the fund has a drawdown and they think they want to trade it for you. I know guys in this business and it's pretty cut throat. Quadriga just said the hell with it and focused on the retail side. I admire them for that decision. As soon as you see a fund manager sell out to the institutional money, that typically marks the top in his fund and the good years are over. As far as them being on Park AVE, dude they call that street hedge fund row due to the number of hedge funds in that area. Now here is my problem with you and some others on here that are not even in this fund yet you are bashing it. First question, why? I'm not a broker, I'm not selling the fund, I'm an investor in the fund. You are not, so why are you so worried about what I do with my money. I trade options for a living and have for 7 years. I don't need some moron from ET giving me a lecture on risk. I could write a book on Risk and probably teach risk at the University of Chicago. Second, have ever heard of the old adage, don't argue with success? My parents taught me this when I was young. And that is, when somone is doing something right, you don't argue with them. If it ain't broken don't fix it belongs to the same familiy of adages. Their funds have been up every year since 1996. They are up very nicely this year as well. They average about 30% a year in the convervative AG and Superfund A while the B is more aggressive. So what exactly are you worrried about? Do you have any idea how many managed future funds have blown up the last 5 years and hedge funds? Very very few make it 5 years. These guys are making money month after month, year after year, and here comes a whole gang of people warning me and others about the dangers of this fund. Something is not adding up here. Either you have an agenda which you have not made public or you are a freaking moron preaching risk on a message board dedicated to guys that take risks for a living. You see the contradiction? I'll stay in the fund until I no longer am satisfied with the performance, then I will look elsewhere. In the meantime, why don't you enlighten me as to what your goal is here so that everyone else can make an educated decision about what they want to do with their money. Fair enough?
embarrassment plus personal attacks spell lack of experience. i think i was invested in more funds than you heard of. hedge funds to make that clear. i assume that you are not selling a fund, otherwise i would not post here. my advice is not to loose common sense due to track record. i am aware that we are talking about a sharpe of 1 for the final investor, which is very extraordinary given the sum of fees they charge.
What is it with ET and all these warnings? Do you go around all the other threads warning all the traders that trading is risky and you might blowout your account? I can guarantee you this right now, my own personal options trading is probably 10 times as risky as this hedge fund. I don't need you or anyone else on this board explaining my risk to me thank you very much. I'm a big boy and I can take responsibility for my actions. Let me put it this way to you. If I lost every single dime in that hedge fund, if it went completely to zero, I could live off my trading account very comfortably. It would mean nothing to me. Does that help clarify things for you? Of course I'm not interested in that happening, but my point is, it would not hurt my lifestyle one bit. So I think I know what I am doing here. But I really appreciate your concern, an anonymous stranger on an internet message board who seems so concerned over my financial well being. I tell you, that's what makes ET one big family. What would I do without big brother ET looking out for me. I don't know.
dear maverick i placed my opinion on the board. i don't know you and i don't care about you. your post indicates that you know what you are doing. fine. read my posts and you will find short comments of scepticism. nothing more. peace
Not picking a fight here because I think a lot of what you've said is quite right, but that is just not true. I've met dozens of FOF managers and believe me, it's a competitive market in terms of them attracting assets and they can't afford to be political in how they distribute their money. As an example, Goldman Sachs' funds of hedge funds interview literally hundreds of managers a year, they have a big setup in London and NY and the guy who runs the show is one of the smartest operators I've met. That's not unusual - look at HSBC Republic, Dawnay Day Olympia, Commerzbank, PAAMCO - I could go on. Not to say there aren't legitimate reasons why Quadriga don't attract that kind of money - one of them being that they don't want it - but don't write off the FOF industry just like that. Sure there are some crap funds of funds just like there are some crap hedge funds, and they may not be easy to pick at first. But picking a fund of funds is just like picking any other fund. Some are asset gatherers, others are asset managers. The trick is to identify the latter and avoid the former like the plague.
Yes, I tried to bring some fun into this thread, because Mav is fighting like crazy against everyone who dare to advance a different opinion about Quadriga. His aggressive behavior is a bad advertisement for them. Regarding the taxes you should read the posts more carefully. Mav was the one who tried to explain the performance difference with different taxes. I just straightened out that the performances shown are before taxes.
we are talking about an operation that spends multiples of research costs in marketing, which has more media impact than any one in this business ever had prior to default, which is going to hire another 300 to 400 people worldwide for marketing, still depends entirely on a dozen researchers and one trading approach and you have a problem with my spelling? no alternative investment operation i ever heard of ever had such a personell structure and only one has a similar number of headcounts. but there, 80% or something are taking care of dozens of strategies. literally every pro i talked to says: very fine track record, but it is somehow a strange story. i am not an english native, that my the reason for my spelling. but what is the reason for you to get upset? and stop that "ET bringing me down"-thing. if you are so emtionally instable about one position, it is overweighted anyways.
'bout my last post: this is rumours, nothing more. but it is enough to be sceptical to some extent. a serious investor IMHO would say: these are issues i have to clarify. if everything is fine, then everything is fine. investmentBabys will argue differently.