Wed, Sep 2, 2015
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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  3. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner