QFS To Return Almost $1B To Clients

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.

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