QCM Adjusts Trend-Following Formula Amidst Difficult Environment

HFA Padded
Mark Melin
Published on
Updated on

After generating -12.17% performance in 2013 and starting out 2014 with -4.78% in January, Aref Karim, chief executive officer and chief investment officer at Quality Capital Management (QCM), laments the lack of opportunity as his Global Diversified program is experiencing among its worst drawdowns in its nearly 18 year history. Contending with “new” market environment since 2008 “Systematic Macros and CTAs alike have had to contend with a ‘new’ environment ever since the global crisis of 2008,” Karim wrote in an investor letter reviewed by ValueWalk. “With reduced asset volatility and a regime shift in correlations over such a protracted…

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HFA Padded

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.