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| {{Infobox company | {{Infobox company | ||
| | name = Quality Capital Management Ltd | | name = Quality Capital Management Ltd | ||
| ⚫ | | native_name = | ||
| ⚫ | | native_name_lang = | ||
| ⚫ | | romanized_name = | ||
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| | logo = Quality Capital Management logo.jpg | | logo = Quality Capital Management logo.jpg | ||
| | logo_size = 120px | | logo_size = 120px | ||
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| | image_alt = | | image_alt = | ||
| | image_caption = | | image_caption = | ||
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| ⚫ | | native_name = | ||
| ⚫ | | native_name_lang = | ||
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| ⚫ | | former_name = | ||
| ⚫ | | type = Privately held company | ||
| | traded_as = | | traded_as = | ||
| | ISIN = | | ISIN = | ||
| ⚫ | | industry = ] | ||
| ⚫ | | genre = | ||
| ⚫ | | fate = | ||
| ⚫ | | predecessor = | ||
| | successor = | | successor = | ||
| ⚫ | | foundation = December 1995 | ||
| | founder = ] | | founder = ] | ||
| | defunct = | | defunct = | ||
| ⚫ | | location_city = 1 Brooklands Road, ], ], Surrey | ||
| ⚫ | | fate = | ||
| ⚫ | | location_country = England, KT13 0TJ | ||
| ⚫ | | locations = 2 | ||
| | area_served = Worldwide | | area_served = Worldwide | ||
| | key_people = Aref Karim <small>( |
| key_people = Aref Karim <small>(chief executive officer and chief investment officer)</small> | ||
| | products = Global diversified programme, global natural resources programme, enhanced commodity beta programme | |||
| ⚫ | | industry = ] | ||
| ⚫ | | genre = | ||
| | products = Global Diversified Programme, Alpha Financials Programme, Commodity Directional Programme | |||
| | brands = | | brands = | ||
| ⚫ | | production = | ||
| | services = | |||
| | revenue = | | revenue = | ||
| | operating_income = | | operating_income = | ||
| | net_income = | | net_income = | ||
| | aum = {{Increase}} $670 million | |||
| | assets = ] 150 million | |||
| | equity = | | equity = | ||
| | owner = | | owner = | ||
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| | divisions = | | divisions = | ||
| | subsid = | | subsid = | ||
| | website = {{URL| |
| website = {{URL|www.qualitycapital.com/}} | ||
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| }} | }} | ||
| '''Quality Capital Management Ltd''' (often abbreviated as '''QCM''') is a |
'''Quality Capital Management Ltd''' (often abbreviated as '''QCM''') is a UK-based ] specialising in managed ]. The company was founded by ] in 1995 and its headquarters is in ], ], Surrey, England. | ||
| ==History== | ==History== | ||
| Quality Capital Management (QCM) is a UK limited liability company incorporated<ref name="absolutereturns">{{cite web|url=http://www.absolutereturns.com/program/name/qcm_global_diversified_programme|title=Quality Capital Management|publisher=Absolute Returns|access-date=1 November 2014|archive-url=https://web.archive.org/web/20140304051453/http://www.absolutereturns.com/program/name/qcm_global_diversified_programme|archive-date=4 March 2014|url-status=dead}}</ref> in December 1995<ref name="toptradersunplugged">{{cite news |url=http://www.toptradersunplugged.com/aref-karim-quality-capital-management-from-accountant-to-hedge-fund-ceo/|title=Aref Karim of QCM: from accountant to Hedge fund CEO|publisher=Top Traders Unplugged|access-date=1 November 2014}}</ref> with its head office in ], ], Surrey. It is a systematic macro hedge fund manager<ref name="absolutereturns"/> specialising in managed futures.<ref name="finalternatives1">{{cite news |last=Campbell|first=Mary|url=http://www.finalternatives.com/node/12929|title=Q&A: QCM Head Aref Karim Says 'It Pays To Be Patient'|publisher=FINalternatives|date=22 June 2010|access-date=1 November 2014}}</ref> | |||
| Founded in 1995, QCM is a UK-based investment manager offering sophisticated Systematic Global Macro portfolio solutions to investors around the globe. The firm is regulated by the UK Financial Conduct Authority (FCA) and registered in the US with the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA). | |||
| QCM is regulated in the UK by the ] and is registered in the U.S with the ]/] as a ] and a ]. It has an office in Tokyo and is registered with the Japanese ]. The company was founded by ] who is its chief executive officer and Chief Investment Officer<ref name="absolutereturns"/> and also carries overall responsibility for its investment strategies and research.<ref name="hedgefundintelligence">{{cite web |url=http://www.hedgefundintelligence.com/Product/10401/Forthcoming-Events/Event.html?ElementID=7970|title=EuroHedge Summit 2009|publisher=Hedge Fund Conferences & Awards|date= April 2009|access-date=1 November 2014}} Aref Karim, Quality Capital Management</ref> | |||
| In June 2011, an office in Tokyo was opened, which is being run by Osamu Nishimura, an ex-Itochu executive, who is a veteran in derivatives trading, hedge fund investment and funds marketing.<ref name="thehedgefundjournal">{{cite news |last=McIntosh|first=Bill|url=http://www.thehedgefundjournal.com/node/6382|title=Quality Capital Management|work=]|date=14 November 2011|access-date=1 November 2014}}</ref> | |||
| ==Investment products== | |||
| QCM investor base is global and largely institutional, sovereigns and pensions.<ref name="absolutereturns"/> | |||
| It currently offers four products. It offers three 'long volatility' investment programmes: the Global Diversified Programme, the Global Natural Resources Programme and the Enhanced Commodity Beta Programme, with a total ] of $670 million as of February 2009.<ref name="hedgefundintelligence"/> Each fund is offshore and each offers managed accounts for larger investments. Global Diversified is also available in a ] wrapper through the db Platinum platform.<ref name="thehedgefundjournal"/> | |||
| In December 1995, QCM's flagship Global Diversified Programme (GDP), commenced trading<ref name="absolutereturns"/> through managed accounts and established a BVI-domiciled offshore fund, QCM GDP Otus Fund, in June 1999, followed by a U.S feeder fund in February 2009.<ref name="hedgeweek">{{cite news |url=http://www.hedgeweek.com/2010/08/04/interview-%E2%80%93-aref-karim-quality-capital-management-%E2%80%9Cwe-see-managed-futures-playing-bigger-|title=The Interview – Aref Karim, Quality Capital Management: "We see managed futures playing a bigger part in a portfolio as uncertainties prevail in traditional markets"|publisher=Hedgeweek|date=4 April 2010|access-date=1 November 2014}}</ref> It established the DB Platinum IV QCM GDP Index Fund as the sub-fund of a Luxembourg-domiciled Ucits-compliant ] on 11 May 2011.<ref name="finalternatives2">{{cite news |url=http://www.finalternatives.com/node/12425|title=Quality Capital Management Launches UCITS III Hedge Fund|publisher=FINalternatives|date=10 May 2010|access-date=1 November 2014}}</ref><ref name="hedgefundintelligence3">{{cite news |last=McIntosh|first=Bill|url=http://www.hedgefundintelligence.com/Article/2673035/Deep-retail-investors-may-get-access-to-Quality-Capital-Management-UCITS-fund.html|title=Deep retail investors may get access to Quality Capital Management UCITS fund|publisher=HedgeFund Intelligence|date=21 September 2010|access-date=1 November 2014}}</ref> | |||
| ==Performance== | |||
| Prior to setting up QCM, Aref Karim, the founder and the Company’s CEO & CIO, spent thirteen years at one of the world’s largest sovereign wealth funds, Abu Dhabi Investment Authority (ADIA). While at this institution, Aref designed and managed a multi-billion dollar portfolio of alternative investments. This was a pioneering foray into alternative investing for a sovereign institution. | |||
| QCM's Global Diversified Programme (GDP) trades 116 exchange-traded Financial and Commodities futures in major exchanges worldwide.<ref name="absolutereturns"/> It relies on a market environment of price persistence to properly function.<ref name="valuewalk1">{{cite news |last=Melin|first=Mark|url=http://www.valuewalk.com/2014/02/qcm-adjusts-trend-following-formula-amidst-difficult-environments/|title=QCM Adjusts Trend-Following Formula Amidst Difficult Environment|publisher=ValueWalk|date=21 February 2014|access-date=1 November 2014}}</ref> | |||
| In 2006, the models were reported to have worked particularly well:<ref name="hedgeweek"/> GDP, which trades 80 global futures markets, returned 35.11%; the global natural resources program, which trades 36 physical commodity markets, returned 35.74% and the enhanced commodity beta program, which trades the same 36 commodity markets from a long-only perspective, returned 50.24%.<ref name="hedgeweek"/> In 2008, the hedge fund made £42.9m profit on £49.3m sales,<ref name="surreylife">{{cite news |url=http://www.surreylife.co.uk/people/surrey_s_richest_50_2010_20_to_11_1_1639048|title=Surrey's Richest 50 2010 – 20 to 11|location=Surrey|publisher=Surrey Life|date=5 April 2010|access-date=1 November 2014}}</ref> returning 59%.<ref name="finalternatives1"/> Karim and his family own at least 97% of the £150m operation. Past dividends and other assets take them to £150m.<ref name="surreylife"/> The company has assets in the region of £150 million according to the ].<ref name="accountancyage">{{cite magazine |last=Reed|first=Kevin|url=http://www.accountancyage.com/aa/news/1807928/accountants-rich-list|title=Accountants make Rich List|magazine=]|date=26 April 2010|access-date=1 November 2014}}</ref><ref name="accountant">{{cite news |url=http://www.accountant.co.uk/news/2010/Apr/UKs-Richest-Accountants-Revealed.html|title=UKs Richest Accountants Revealed|publisher=Accountant.co.uk|date=27 April 2010|access-date=1 November 2014}}</ref> The GDP made a near 60% return in 2008,<ref name="thehedgefundjournal"/> but struggled in 2009, losing 12%.<ref name="finalternatives1"/> Between 2005 and 2010, it has achieved annualised returns of around 20%.<ref name="hedgeweek"/> | |||
| QCM dedicates its efforts to developing innovative and differentiated liquid portfolios for investors. The firm’s objective is to create investor wealth by generating long-run absolute and lowly correlated returns through liquid financial and commodity markets. A diversified long/short strategy, developed and enhanced over twenty years of research, is applied to wide-ranging regulated markets that are listed on most major exchanges. Client portfolios not only have the safety of participating in regulated global exchanges, but they incur low transaction costs and offer high liquidity by using futures. The QCM investment process is packaged and executed through a disciplined and mathematically formulated set of models that are run systematically with no emotional biases. | |||
| QCM manages assets of $900m.<ref name="thenational"/><ref name="thehedgefundjournal"/> As of 10 June 2011, the GDP had a total of $611m in assets, including $524m in managed accounts, $72m in the offshore fund and $6m in the Ucits fund.<ref name="hedgeweek"/> Between 1995 and 2011, QCM returned more than 600% growth to its investors, with only two negative years.<ref name="thenational">{{cite news |last=Wright|first=Rupert|url=http://www.thenational.ae/business/industry-insights/finance/a-small-but-perfectly-formed-fund#full|title=A small but perfectly formed fund|location=Abu Dhabi|newspaper=]|date=29 April 2011|access-date=1 November 2014}}</ref> The GDP produced annualised returns of 15% over the 14 years from inception and 21% for the five years to April 2010.<ref name="finalternatives2"/> | |||
| QCM has an institutional-class operating platform of governance, compliance and risk management that delivers top quality business security to its investors. We have invested a significant amount in state of the art technology over our history, striving to stay ahead of the curve at all times. A full scale disaster recovery site is located a short distance from our offices. Our solid team of qualified and experienced professionals enables the company to be at the forefront of research and innovation, carrying with it a solid organisational culture with strong values. | |||
| ==Strategies== | |||
| Focusing on a high quality personalized service to investors takes us one step further: working with investors to customise solutions for their specific needs. | |||
| QCM trades in financial and commodities assets in 115 instruments worldwide.<ref name="finalternatives1" /> It invests its funds through proprietary strategies that take futures positions in major global exchanges across financial and commodity markets. | |||
| QCM uses an allocation model that looks for short-term changes in acceleration.<ref name="thehedgefundjournal"/> It relies on market diversification, trading a large portfolio of different asset classes, uses few trend-based indicators<ref name="hedgeweek"/> and its investment process is driven by dynamic asset allocation through the proprietary Advanced Resource Allocator (ARA) model,<ref name="finalternatives1" /> a ] system<ref name="finalternatives1" /> which attempts to try and shift risk away from positions not working in QCM's favour<ref name="finalternatives1" /> with an algorithm that adjusts position sizes<ref name="futuresmag">{{cite news |last=Collins|first=Daniel P.|url=http://www.futuresmag.com/2007/02/23/aref-karim-allocating-profits|title=Aref Karim: Allocating profits|publisher=Futures|date=23 February 2007|access-date=1 November 2014}}</ref> focusing on upside volatility.<ref name="valuewalk2">{{cite news |last=Melin|first=Mark|url=http://www.valuewalk.com/2014/10/quality-capital-management/|title=Quality Capital Management Above Water in Diversified Strategy|publisher=ValueWalk|date=7 October 2014|access-date=1 November 2014}}</ref> A risk budget is deployed based on relative opportunities through mainly an asset allocation process.<ref name="hedgeweek"/> | |||
| ==Products== | |||
| QCM’s core investment strategy can be accessed through three distinct product offerings: the flagship Global Diversified Programme (‘GDP’), the Alpha Financials Programme (‘AFP’), and the Commodity Directional Programme (‘CDP’). The products trade different liquid exchange-traded futures, each offering unique properties for portfolio diversification. In addition, we take great pleasure in partnering with investors and customising innovative liquid solutions to meet their investment objectives. | |||
| == |
==Sponsorship== | ||
| In 2015, QCM signed a three-year sponsorship deal with ] golfer. | |||
| QCM invests in liquid, exchange-traded futures markets. These can handle capacity offering low transactions costs; they also offer transparency and comfort of regulation. QCM applies a generic investment strategy that is ported into different products with nuanced variations to allow for the subtleties of asset classes traded in the portfolio. QCM products carry the following essentials. | |||
| * QCM products look to create long run wealth for investors through a stream of non-correlated long/short generated absolute returns. A client either invests in a QCM product or can create a customised basket to cover specific market sectors or asset classes. A product largely utilises QCM’s generic investment strategy which is then subtly varied to suit the needs and characteristics of each portfolio and its objectives. | |||
| * The investment process applied to generate wealth is constructed with sound economic rationale and fundamental logic that cannot be easily arbitraged. QCM applies thoroughly researched and robust inputs across all products. The portfolio is usually synergistic, with the sum of the parts being greater than the whole. Trading is long/short to take advantage of rising and falling markets. The market coverage is diversified within the realms of liquidity, dictated by the product choice. | |||
| * QCM applies a rules-based trading approach to ensure consistency and discipline and executes through a systematic computer-driven construct, free of emotional biases. Robustness and longevity are primary considerations, with the strategy using few variables and avoiding both backward ‘fitting’ and data mining. | |||
| * Risk/asset allocation in the QCM strategy is dynamic and bears more importance in generating alpha than market timing through technical indicators. The major part of a product’s returns come from the portfolio and its position changes rather than from individual markets. | |||
| * A product is actively risk managed at portfolio, sector and individual market level to cover short term as well as long run risk in investing. Advanced Value at Risk (VAR) and other proprietary risk management techniques are used in QCM products and these have been further upgraded in early 2016. | |||
| ==See also== | ==See also== | ||
| *] | *] | ||
| {{Portal bar|Business and economics}} | |||
| ==References== | ==References== | ||
| {{Reflist| |
{{Reflist|2}} | ||
| ==External links== | ==External links== | ||
| *{{Official website|http://www.qualitycapital.com/}} | *{{Official website|http://www.qualitycapital.com/}} | ||
| *{{Facebook|pages/Quality-Capital-Management/110991378926817|Quality Capital Management}} | |||
| {{Hedge funds}} | {{Hedge funds}} | ||
| {{DEFAULTSORT:Quality Capital Management}} | {{DEFAULTSORT:Quality Capital Management}} | ||
| ] | |||
| ] | ] | ||
| ] | ] | ||
| ] | ] | ||
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Latest revision as of 19:38, 13 November 2021
 | |
| Company type | Privately held company |
|---|---|
| Industry | Hedge fund |
| Founded | December 1995 |
| Founder | Aref Karim |
| Headquarters | 1 Brooklands Road, Weybridge, Elmbridge, Surrey, England, KT13 0TJ |
| Number of locations | 2 |
| Area served | Worldwide |
| Key people | Aref Karim (chief executive officer and chief investment officer) |
| Products | Global diversified programme, global natural resources programme, enhanced commodity beta programme |
| AUM |  $670 million |
| Total assets | £ 150 million |
| Website | www |
Quality Capital Management Ltd (often abbreviated as QCM) is a UK-based hedge fund specialising in managed futures. The company was founded by Aref Karim in 1995 and its headquarters is in Weybridge, Elmbridge, Surrey, England.
History
Quality Capital Management (QCM) is a UK limited liability company incorporated in December 1995 with its head office in Weybridge, Elmbridge, Surrey. It is a systematic macro hedge fund manager specialising in managed futures.
QCM is regulated in the UK by the Financial Conduct Authority and is registered in the U.S with the Commodity Futures Trading Commission/National Futures Association as a commodity trading advisor and a commodity pool operator. It has an office in Tokyo and is registered with the Japanese Financial Services Agency. The company was founded by Aref Karim who is its chief executive officer and Chief Investment Officer and also carries overall responsibility for its investment strategies and research.
In June 2011, an office in Tokyo was opened, which is being run by Osamu Nishimura, an ex-Itochu executive, who is a veteran in derivatives trading, hedge fund investment and funds marketing.
Investment products
QCM investor base is global and largely institutional, sovereigns and pensions.
It currently offers four products. It offers three 'long volatility' investment programmes: the Global Diversified Programme, the Global Natural Resources Programme and the Enhanced Commodity Beta Programme, with a total assets under management of $670 million as of February 2009. Each fund is offshore and each offers managed accounts for larger investments. Global Diversified is also available in a UCITS wrapper through the db Platinum platform.
In December 1995, QCM's flagship Global Diversified Programme (GDP), commenced trading through managed accounts and established a BVI-domiciled offshore fund, QCM GDP Otus Fund, in June 1999, followed by a U.S feeder fund in February 2009. It established the DB Platinum IV QCM GDP Index Fund as the sub-fund of a Luxembourg-domiciled Ucits-compliant SICAV on 11 May 2011.
Performance
QCM's Global Diversified Programme (GDP) trades 116 exchange-traded Financial and Commodities futures in major exchanges worldwide. It relies on a market environment of price persistence to properly function.
In 2006, the models were reported to have worked particularly well: GDP, which trades 80 global futures markets, returned 35.11%; the global natural resources program, which trades 36 physical commodity markets, returned 35.74% and the enhanced commodity beta program, which trades the same 36 commodity markets from a long-only perspective, returned 50.24%. In 2008, the hedge fund made £42.9m profit on £49.3m sales, returning 59%. Karim and his family own at least 97% of the £150m operation. Past dividends and other assets take them to £150m. The company has assets in the region of £150 million according to the Sunday Times Rich List. The GDP made a near 60% return in 2008, but struggled in 2009, losing 12%. Between 2005 and 2010, it has achieved annualised returns of around 20%.
QCM manages assets of $900m. As of 10 June 2011, the GDP had a total of $611m in assets, including $524m in managed accounts, $72m in the offshore fund and $6m in the Ucits fund. Between 1995 and 2011, QCM returned more than 600% growth to its investors, with only two negative years. The GDP produced annualised returns of 15% over the 14 years from inception and 21% for the five years to April 2010.
Strategies
QCM trades in financial and commodities assets in 115 instruments worldwide. It invests its funds through proprietary strategies that take futures positions in major global exchanges across financial and commodity markets.
QCM uses an allocation model that looks for short-term changes in acceleration. It relies on market diversification, trading a large portfolio of different asset classes, uses few trend-based indicators and its investment process is driven by dynamic asset allocation through the proprietary Advanced Resource Allocator (ARA) model, a proprietary trading system which attempts to try and shift risk away from positions not working in QCM's favour with an algorithm that adjusts position sizes focusing on upside volatility. A risk budget is deployed based on relative opportunities through mainly an asset allocation process.
Sponsorship
In 2015, QCM signed a three-year sponsorship deal with Asian Tour golfer.
See also
Portal:
References
- ^ "Quality Capital Management". Absolute Returns. Archived from the original on 4 March 2014. Retrieved 1 November 2014.
- "Aref Karim of QCM: from accountant to Hedge fund CEO". Top Traders Unplugged. Retrieved 1 November 2014.
- ^ Campbell, Mary (22 June 2010). "Q&A: QCM Head Aref Karim Says 'It Pays To Be Patient'". FINalternatives. Retrieved 1 November 2014.
- ^ "EuroHedge Summit 2009". Hedge Fund Conferences & Awards. April 2009. Retrieved 1 November 2014. Aref Karim, Quality Capital Management
- ^ McIntosh, Bill (14 November 2011). "Quality Capital Management". The Hedge Fund Journal. Retrieved 1 November 2014.
- ^ "The Interview – Aref Karim, Quality Capital Management: "We see managed futures playing a bigger part in a portfolio as uncertainties prevail in traditional markets"". Hedgeweek. 4 April 2010. Retrieved 1 November 2014.
- ^ "Quality Capital Management Launches UCITS III Hedge Fund". FINalternatives. 10 May 2010. Retrieved 1 November 2014.
- McIntosh, Bill (21 September 2010). "Deep retail investors may get access to Quality Capital Management UCITS fund". HedgeFund Intelligence. Retrieved 1 November 2014.
- Melin, Mark (21 February 2014). "QCM Adjusts Trend-Following Formula Amidst Difficult Environment". ValueWalk. Retrieved 1 November 2014.
- ^ "Surrey's Richest 50 2010 – 20 to 11". Surrey: Surrey Life. 5 April 2010. Retrieved 1 November 2014.
- Reed, Kevin (26 April 2010). "Accountants make Rich List". Accountancy Age. Retrieved 1 November 2014.
- "UKs Richest Accountants Revealed". Accountant.co.uk. 27 April 2010. Retrieved 1 November 2014.
- ^ Wright, Rupert (29 April 2011). "A small but perfectly formed fund". The National. Abu Dhabi. Retrieved 1 November 2014.
- Collins, Daniel P. (23 February 2007). "Aref Karim: Allocating profits". Futures. Retrieved 1 November 2014.
- Melin, Mark (7 October 2014). "Quality Capital Management Above Water in Diversified Strategy". ValueWalk. Retrieved 1 November 2014.
External links
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