Sun, Dec 4, 2016
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released