As the Newedge CTA index closed out October with a 1.6 percent gain – and is up over 8 percent on the year – Quality Capital Management (QCM) took a slight hit. The algorithmic fund manager, known for adjusting formulas to match market environments, apparently missed the market triggers during this month. The GDP program was down -3.72 in October and the AFP program was down -1.36 percent. Both funds are down over -1 percent year to date as managed futures generally has one of its better years since the glory days of 2008. QCM’s struggle in October QCM’s minor struggles…
QCM Posts October Losses As Volatility Triggers Market Action
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.