In the interest of maintaining my securities licenses, I won't be posting any performance figures on an internet message board. Max
Snoop, The year to date numbers I'm referring to are estimates, as we are not through with July yet and we are still trading... even as we speak. These unaudited estimates are not for public disclosure on message boards as oposed to the month end numbers prepared by our administrator. I trust this answers your question. Best, Max
No, it does not. But maybe because I am dense. I don't care about unaudited July performance. Can you post the audtied peroformance through June, or provide a link or a way to get to it on your site? I can only get performace through Feb (as a poster previously stated), so I must be in the wrong place. Thanks.
Max, with all due respect, Commodity Trading and futures Trading may be interchangeable, but CTA and Managed Futures are not. You must know that. A Commodity Trading Advisor (CTA) is a regulatory term to define a person nor entity regulated and licensed to trade futures on behalf of the public. To do this, a CTA often offers an approved Managed Futures product, usually a well -defined trading program where investors can participate in the form of Managed Accounts -- individual accounts in the name of customers where the trading advisor has trading authority over the single customer account. Customers hold the account in their name, receive all statements and have daily liquidity if desired. From reading the Quadriga offering, I understand Quadriga to be an introducing broker, offering a limited partnership that is set up to trade futures contracts based on a trading system. These contracts for the limited partnership are traded over your brokerage. Quadriga has set up this partnership to sell shares of it to the retail public. While trading futures under your partnership, I see nowhere anywhere that Quadriga is a CTA (registered Commodity Trading Advisor) or offering Managed Futures. Unless I am mistaken, referring to Quadriga as a CTA or even creating the impression is more than disingenuous.
one thing in defense of Q: they are constantly publishing their performance in print media. i do not think they hide anything in that respect. second thing in defense: calling yourself a hedge fund was a marketing issue IMHO. private clients do not detect the difference, but they realise that hedge fund is something brand new (we are in 1996 now, when Q was founded). and there is nothing bad about that. peace
I've read some discussions on this thread regarding investing in Quadriga and potentially other hedge funds within an IRA through a 3rd party custodian. This sounds like an excellent idea. What sorts of reports does one receive at the end of the year for taxes since gains are taxed deferred in IRAs? I'm curious how this is handled for private investments that are set up as LPs or LLCs because typically one would receive a K-1 with their share of partnership income.
The IRA investors in our limited partnership get their K-1 just like taxable investors. The only difference is that the account is in the name of the custodian and the tax ID number is the custodian's. Oh, and the other big difference is that you don't include anything from this K-1 on your tax return and don't pay taxes on any of the profits -- at least not until withdrawal.