Quality Capital Management is making key changes to its management team and product line in an attempt to drum up interest from U.S. investors.
The firm last month launched a U.S.-domiciled version of its flagship Global Diversified Program, which has been trading since December 1995 and returned 59.51% last year. The new vehicle, the Otus Fund USA, will feed into its flagship offering.
The firm has also changed the liquidity on its flagship fund to weekly from monthly to further entice investors who are looking for liquidity and transparency from their managers.
“Futures instruments are generally very liquid, so one of the great attractions of managed futures is the liquidity and transparency you get with these investments,” said Aref Karim, founder. “We have tried to make our investment vehicles even more attractive, recognizing that investors are now more sensitive after getting caught up in gates and side pockets in numerous investments last year.”
The Otus Fund USA charges a 2% management fee and a 20% incentive fee. It has a US$100,000 minimum investment requirement.
Meanwhile, Quality Capital has hired Todd Scanlon, former head of global sales at ABN Amro, to help jumpstart its U.S. initiative. Karim said Scanlon, who has investment banking experience and was recently working at a fund of funds, will focus his marketing efforts in the Americas.
The firm has also hired Dale Briscoe, a Morgan Stanley and UBS veteran, to help manage the day-to-day firm operations and help with business development.
“Previously, I handled the functions of CEO and CIO as well as all operational matters of the company,” said Karim. “Dale has come on board as a COO and he brings a wealth of experience from the investment banking area. He also understands the macro hedge fund space well.”