Where's all the Quadriga bashers? Man, this isn't any fun. Don't tell me I have to wait till the next big drawdown for all the bashers to come out and proclaim the end of trend trading or demise of Quadriga. Shit, with the way Gold and Silver are moving it could be years until I hear from my buddies from the bashing zone.
And Quadricep's fees are way too high. Mananagement and incentive fees I can understand, but a big chunk of the commission on trades is over the top.
Their fees are through the roof and they are still returning 32% net of all fees. F*ck me running. I would love to get a hold of whatever they are using to trade off of. Of course John Henry's fees are much much lower. Of course his funds are down 30% to 50%. But hey, I'm more worried about fees then returns. Screw the man I say, screw the man!
At this moment in time (and as I write this, their returns might even be much higher). But investors are not buying into a moment in time, (hopefully) but instead a return over time. It is not possible to know what Qaudrigia returns over time are, as they market their fund with an index of various products, but not the product itself. And don't go telling me that the fund is the exact same thing blah blah blah. Unlike any JWH product or others like his, the LLP marketed in the US has a very short history. Have you read the offering memorandum in detail? The reason Quadriga markets ONLY to retail is because they can get away with it through the cracks of each jurisdiction where their products are marketed. Retails investors are unlikely to look at anything other that that performance in a "moment of time." That is meaningless, but what sells. This is not bashing anyone. But your boundless enthusiasm for the Quadriga products seems to have blinded you to some of the really questionable practices of the Sooooper funds. There are funds and programs out there that out perform Quadrigia by far over time with less volatility. You're love affair with these guys does not make sense.
You either are very naive, missing a few cards from the deck or both. The fund industry in general is pretty corrupt and full of unethical practices. Don't believe me? Why don't you subscribe to the John Lothian report and read about it daily. Most of the industry, due to it's lack of regulation, is full of fraud and misleading practices. I have no money with Quadriga. I just know the mere mention of their name sends some on this board into uncontrollable rage, and yes, I enjoy watching that. I don't have to defend them. No matter how you look at their returns, they have made money every year for a decade with the exception of last year. I don't care if they had 10 different funds for all 10 years. The bottom line is they make money. You know how many funds go back 10 years? Try less then 5%. Most of them are gone. Now if Quadriga was blowing out and starting new funds every year, then you would have a point. But they have no reason to hide or mislead their investors. They have managed to do very well. Do they have drawdowns? Yeah, I guess they do. But they are nothing near what John Henry and other trend following funds have had. Certainly no one should put all their money in a trend fund. But it's certainly a viable asset class for 5% of your funds. And Quadriga has been around longer then most and has outperformed it's peers. So keep yacking about your public outcry over Quadriga. I'm sure at some point they will get big enough and the returns will become negative or substandard and people will leave Quadriga for good. Do I care? Nope. I just love rubbing the Quadriga juice all over the open wounds of the bashers. Hey, it's ET, what else you going to do on this site? LOL.
Not ONE of their products has been around for a decade. In fact, I don't think you will find a history longer than three years for anything they offer. Maybe they do make money. Based on the public information it is not possible to ascertain that. And that is the real issue. Like I asked, have you read their offering memorandums? There are plenty of excellent funds run by quality managers with investor freindly structures. But they do not advertise on TV hawking 5K share interests. Oh well forget it. Enjoy the cheerleading.
I never said any one of their funds has been around a decade, I said THEY have been around for a decade. And they have made money 9 out of 10 years. Man are you a conspiracy freak. What, you can't wait for the Davinci Code to open so now your are looking for the secret missing clues in the offering memorandums of Quadriga? LOL. Yes, I have read them. And yes, there are excellent funds out there, not many, but some. No, they don't advertise on TV, they use boiler room brokers (otherwise knows as IB's) to push their product in return for marketing fees. Yeah, that's ethical. LOL. I think your problem should be addressed to the fund industry as a whole, not one particular fund. It's like me blaming Tom Cruise for pushing Scientology when all organized religion gets pushed down our throat since the time we are born. Why take it out on Tom Cruise specifically? And btw, their GCT funds have been around for 6 years and the American A and B funds have been around 4. And they have not changed or morphed into another fund during those times. If you are going to pontificate, at least use real facts.
i have a strategy that correlates by 0.85 with quadriga, but we charge about a third of their fees. up 23% for the year, last year was positve as well ... so send your money q-fans ...