QCM Posts October Losses As Volatility Triggers Market Action

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 over the month come as bets in the stock market, agricultural commodities and currencies went south in the GDP program...