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Bailey McCann, Opalesque New York: Austria-based Qbasis Invest, a managed futures fund focused on trend following and an intraday strategy, ended the year in positive territory up +41.8%. Its Deutsche Bank certificate finished the year up +65.5%.
While its futures programs ended the year on a positive note, the Qbasis long/short strategy q Stocks finished December with a loss of -3.56%, giving the strategy a loss of -5.35% for the year.
As Opalesque reported in August, the CTA was on pace to buck a longstanding managed futures trend and return high double digit performance. 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.
In a performance note reviewed by Opalesque, the firm attributed 2014's positive performance to increased weighting toward commodities within the strategy. The majority of gains in the iTrends program came from a broad range of markets within the commodity sector.
The firm also noted the recent October and November gains within the CTA cohort overall, owing to the Euro and Crude Oil trades that have kept investor attention through the beginning of this year. "So whilst we all finish the year at roughly similar junctures, we believe that, from a risk perspective, we achieved our return with far less "bulk risk", Qb...................... To view our full article Click here
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