I hope Quadriga recovers, because as of a couple weeks ago our old friend NAVwreck was still pumped about having money in there.
are all these funds just trend followers, momentum players? January was tough because of the nasty drop in FX and stock indices i can see how you could give back the previous month profits and some in such circumstances but being down 15-20% for the month ? i guess trend following relies on luck , you basically hope that a few huge gains will make up for all the losses and give backs
typically, the funds do well with small capital, expand take on much capital, have huge draw down, big investor withdraws, then performance improves for a few years, investors pile in again, huge drawdowns, investors pull out, ect ect. Always behind the cycle.
Clinton lends name to retail hedge fund By David Wighton in New York Published: March 9 2005 22:14 | Last updated: March 9 2005 22:14 Bill Clinton is lending his name to efforts by an Austrian company to bring âhedge fundsâ to the US retail investor. One of the former president's first public appearances following his planned chest operation this week will be at the launch of a retail investment centre on New York's Fifth Avenue by Superfund Asset Management. The opening of the office, believed to be the first of its kind in the US, is an attempt to tap the growing retail demand for products previously the preserve of wealthy investors. The minimum investment in the company's funds is just $5,000, while many hedge funds require $1m or more. Mr Clinton is due to give a speech on the global economy at the launch on March 30. Christian Baha, 36, founder of the company, formerly known as Quadriga Asset Management, said: âAs governor of Arkansas, President Clinton paved the way for more liberalisation and social justice. It is our goal as well to give people with a lower income the opportunity to benefit from successful investment models with double-digit returns.â The company, which claims to be the world's biggest provider of managed futures funds to private investors, has been at the forefront of attempts to bring hedge fund-type products to a wider audience in spite of regulatory concerns. The Securities and Exchange Commission forced it to drop the term âhedge fundsâ when it launched its managed futures funds in the US. Managed futures funds, which invest in a wide range of commodity and financial markets, are commonly viewed as a style of hedge fund and the company uses the term hedge fund in Europe. According to its website, the company's two US funds have returned 52 per cent and 82 per cent after fees since their start in November 2002.
Any source? You cited the author but no publication. nevermind....... I found it! http://financialtimes.printthis.cli...0000e2511c8,ft_acl=,s01=1.html&partnerID=1744
I'm not so interested in the <b>Bill</b> Clinton hedge fund... What I want to invest in is the <b>Hillary</b> Clinton cattle futures fund! <a href="http://www.commodex.com/Hot_Story/Hillary.htm">Hillary Clinton Futures Trades Detailed</a>
Chick Goslin covers Hillary's "trading" in his new book. If you note the Commodex chart, you'll see almost a vertical bull run. But Hillary was such an incredible trader that she actually made a good deal of profit in short tardes during this time period. That's balls, eh? She should have traded Willy for a new DH after she found out he did in fact "have sex with that woman."