Tue, Sep 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Qbasis bucks the downward trend in managed futures with positive July performance

Thursday, August 21, 2014

Bailey McCann, Opalesque New York:

Austria-based Qbasis Invest, a managed futures fund focused on trend following and an intraday strategy posted another month of positive returns despite a down month for managed futures funds as a group. The iTrend flagship program was up +8.41% in July, following June's positive performance of +1.63%, according to performance documents obtained by Opalesque.

The iTrend index product which follows the broad strategy of the iTrend Fund was also up (gross): +23.76%.

The firm also manages an equity long/short strategy which posted gains of +3.77%. The product was launched late last year.

Qbasis said in a first half update that the firm's performance was supported by implementing strategy enhancements last year including "V-protection and Vol-protection models" that mitigate against V-shaped reversals and periods of declining volatility respectively.

"We've seen this time and time again this year where we've protected capital on days where even the very conservative industry benchmark has fallen more than our NAV," Qbasis CEO Philipp Pölzl wrote in a performance note at the time.

Managed futures funds as a cohort have faced difficulties in the recent market environment. Asset flows to the cohort have been negative for several months, alongside tepid performance. Managed futures funds saw outflows of $11.5 billion as of July, according to data from Eurkeahedge. All managed futures indices calculated by Ne......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  3. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  4. Artificial intelligence may replace 40% of all jobs: Bridgewater founder Ray Dalio[more]

    From Foxbusiness.com: Bridgewater Associates founder Ray Dalio said Friday that almost half of the jobs in the next two decades will be replaced by artificial intelligence. "By in large, the world is going to largely consist of people who can take language and put it into code, which then allo

  5. Opalesque Exclusive: US investment firms must have tailored cybersecurity policies and procedures in place[more]

    Benedicte Gravrand, Opalesque Geneva: Cyber attacks are on the increase. One of the last victims was Equifax, a US credit scoring agency. As a result of its insufficient cybersecurity program, the agency was slapped with state and federal investigations, private lawsuits and a summons for chief e