Critics might argue that performance over recent years reveals the least compelling aspects of managed futures, but the critics always seem to forget that upwards of 70% to 100% of investors’ allocations are already in traditional investments.
The $298 billion California plan, known as Calpers, said Sept. 15 that it would eliminate its $4 billion allocation to hedge funds. The Sacramento-based fund said the investment vehicles were too complex, costly and small to affect performance. It began the strategy in 2002.
Quad Advisors provides small and mid-size hedge funds a scalable trading platform, in-house analyst research, risk assessment, accounting and technology services, as well as access to Quad and investor capital.