Monday, 20 October 2014
Last updated 2 hours ago
Jan 14 2014 | 9:36am ET
Citing a dearth of opportunities for quant macro strategies, Greenwich, Conn.-based QFS Asset Management is handing back almost $1 billion to its clients.
Karlheinz Muhr, QFS chairman and CEO, said in a statement: “After careful consideration, QFS has concluded that the current market environment does not offer adequate risk-adjusted opportunities for fundamentally-driven quant macro strategies, and that is unlikely to change for the foreseeable future. In the absence of opportunities, QFS has determined that it is in the best interests of its investors to return all capital."
QFS said it will continue its research efforts in the global macro and currency markets and seek to develop new and innovative sources of returns. Longer term, management said it remains confident that economic realities ultimately will force a normalization of asset prices, allowing fundamentally-driven strategies to “extract commensurate risk-adjusted returns.”
QFS expects to complete its disbursement of client funds by the end of January.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...