I'm not sure where you are getting your info from but let me correct a few things. First of all, they have never dropped a fund! Period end of story! That is 100% false. They started out in 1996 with the Quadriga AG and GCT funds. These funds are the exact same as the Superfund being sold in the US with the class A series being the AG fund and the Class B being the GCT fund, they are the same!!!!! The AG and GCT funds have been around from 1996 to the present so you CAN track their performance to the present. The AG and GCT funds cannot be owned by american investors because it is not registered in the US, plain and simple. Yes, the fund has had drawdowns, but they have not been bad, typically around 15% to 25%. And they made those back easily within months. Their Current YTD in the B fund is up 23% the first two months. The A series, again, based on the AG fund has averaged about 30% a year since 1996, the year of inception. The GCT fund was created in 1999. It is exactly the the same as the AG fund only they use more leverage. Let me say that again, it is exactly the same!!!!! So the Superfund in the US is traded off of the same automated computer system that the AG and GCT funds are that have been around since 1996. So no, they have not killed a product and launched a new one. Where do you get this shit from? Are you even in the fund or are you asking for a lawsuit? If you don't don't know something, don't make up lies, say you don't know. Oh and as far your statement regarding churning their accounts, dude, they are a trend fund i.e their commissions are almost nothing, they don't make that many trades! As far as this being difficult to sell to retail investors, what are you talking about. It is the most successful retail fund in the history of Europe. They are pushing 1 billion in assets under management. I think they are doing quite well thank you very much. Make sure when you post, you post facts. I know this fund inside and out and I will take you to town if you inisist on spreading inaccurate info on this fund.
Yes of course. I can wire money out at the end of every month. What is too good to be true? Dude, it's a hedge fund that happens to have very good performance. Which part sounds too good to be true? This fund, unlike 98% of the hedge funds out there is actually registered with the SEC.
I have no idea man. I swear to God ET gets worse every day. There is something about facts and opinion that people on here have a hard time distinguishing from. If people have opinions about the fund, then state that it's an opinion, don't call it out as a fact.
For those who are interested, here is the link to the Quadriga GCT fund homepage. From there you can see a history of both the GCT fund and the AG fund since inception month by month. http://www.quadrigafund.com/en/fondsQuadrigaGCTUSD.asp There are also a lot of press releases you can read and live interviews you can watch. It's actually a really cool website, much better then the one in the US. The regulations in Europe are not as strict as far as what you can put on your website.
Does anyone know if this fund uses the Turtle Trading secrets? I guess these guys are too young to be one of the original turtles. By the way , was Neiderhoffer or John W. Henry a turtle? I found a website that revelas the turtle secrets. Its seems to be a disgruntled turtle who is upset that other turtles are selling the secrets for thousands of dollars, so he posted the secrets for free. I printed the formulas and strategies. I'll try to find you guys the website. I don't know enough about futures to understand these formulas. It seems pretty straight forward, mostly just a trend following system.
I've got nothing against Quadrigia. How can I? I never said that they killed a fund, only some products. A managed futures product I had been folloiwng is gone. That may mean nothing, I do not know. Yes, they were called to the mat by the SEC for advertising their limited Partnerships sold in the USA as Hedge Funds. I never said that they churned accounts. How could I know? I do not know them inside and out like you so. (Do you work for them?) I only said that they clear their trades at a mark-up over thier own IB. That is a good business plan, as I said, even if they trade one contract a year for all I know. The funds in Europe have been hugely successful in marketing to the retail public. They are great marketers and have sold a lot. Information disclosure and how a fund may be sold to the public works quite differently for the European retail investor than it does in the USA. I don't know anyone who has taken money out of the funds in Europe yet as there is very long lock-up period (I think up to three years). In all honesty you must admit that a long lock up for a managed futures fund is unusual. The only funds I can now find being marketed in Europe are the A fund, the B fund and now a new C fund, all which are less than two years old. They do have savings certificates based on thier long-term trading program. I guess that is what you mean by the AG and GCT funds. Long term performance in the European marketing material, however, is shown as an index. Look, it is black box trading. Trend following which can be -- and often is over time -- very successful. Especially with well-fudned programs like this one. I was only trying to discuss an interesting product in an honest manner, and ask fair questions that many have when taking a closer look at this, and regret that I get a response of law suit threats and fecal expletives.
They closed the Quadriga AG fund on March 1st. Successor is Superfund A. They closed Superfund Cayman last year. Successor is Superfund C. They closed Quadriga Ansparplan last year.
in the long run stories that seem to be too good to be true are ... too good to be true. very high marketing cost. somehow intransparent structure (administrator, auditor, brokerage). not obvious trading edge. these are points that indicate: be careful. have some money in, if you wish, but do not believe the 20% savings plan was invented and you are among the first to know. peace