Quadriga Superfund - Managed Futures

Since 2003 the fund went nowhere, but Baha and his clique have been busy collecting 6% annually on assets plus what like $100 per RT lmao

 

You had your chance!

 

You had your chance!

 

Well somehow Bacha has to finance his stay in MONACO and as a former police officer in Vienna, Austria he has to know the tricks how to screw ordinary, retail investors... IMAO

 

Doh! Well, I guess it's time to buy a little more.

 

-20% YTD... All the while Baha and his clique are ripping their retail investors off with 5% annual asset management fees and their $120 round trip prime brokerage fees. Equity curve says it all: this dog hasn't made investors any money since the 2004 peak while clients are paying 5% after 5% after 5%

 

Did you take a look at his last month´ garage bill for repairs on his Monaco - Ferrari ? Imagine Bacha without screwing his retail clients...bad sign for a "hedgefund"-manager driving "FIAT Uno" down there...

 

This idiot just bought a little more :eek:

 

This time last year, Superfund was sucking wind and the Series B shares were down about -26% for the year. One year later, Series B is up 60% from the end of March.

There were negative comments made of the fund at that time; which was understandable, considering the bad start to 2007. But I think it's also fair to commend the fund for it's recovery since that time. So, kudos.

I made a substantial (substantial to me at least) contribution to the fund at that time, and I have now redeemed that chunk of it, satisfied with the 60% gain. With that "dry-powder", I intend to buy back into the fund and add to my account when it next goes through a rough patch.

http://www.superfund.net/us/popupFacts.asp?mask=64

 

You are taking profits when it hits its trend. You are realizing your gain and redeeming. You say you want to buy back into it again. So, you take some gain and keep it, then you buy again into the fund with money left over after taking some profit. What is intersting is that you buy back into the fund when the fund is at a low. This is opposite of how a trend trading system works. So you buy into the trend trading fund when it is low, but the trend trading system itself does not buy low and sell high, but catches a trend in the upswing and stays till it reverses.