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Bailey McCann, Opalesque New York: Quest Partners Alpha Quest Original Program is up +6.9% for the quarter according to performance documents obtained by Opalesque. The gains are notable as CTAs have found it especially difficult to post returns in recent months, and have seen some of the largest asset outflows as a cohort over the past two years.
Through September 30th, AQO is up +3.3% for the year vs. +6.7% for the SP500.
Since its inception in May 1999, AQO is up +496.7% vs. +47.7% for the SP500.
In a commentary note, the firm says that August was the best month for CTAs so far this year, with both CTAs overall and the BTOP50 Index reaching new highs. Trend followers were able to catch on to the launch of new trends in FX this quarter as well.
The Alpha Quest Original Program which is a short term strategy has been able to capitalize on the gains possible from that type of trading program even while long term trend followers continue to lag behind. Trading timeframes for the program could range from a few hours to not more than three months. Recent volatility also bolstered performance in the program.
"After reaching all-time lows, volatility in FX increased significantly during the quarter (see below). The
expansion in volatility was primarily due to the strength in the USD versus the euro and yen, which
reached two and six year lows respectively. These moves were led by, 1) increasing bets on US interest
rate hikes for next year, 2) continued wea...................... To view our full article Click here
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