| Revision as of 16:23, 7 July 2017 editChris the speller (talk | contribs)Autopatrolled, Extended confirmed users, Pending changes reviewers868,247 editsm →top: replaced: headquarters is based → headquarters is using AWB← Previous edit | Revision as of 07:48, 29 July 2018 edit undoMean as custard (talk | contribs)Extended confirmed users, New page reviewers, Pending changes reviewers, Rollbackers190,860 edits tone down promotional materialNext edit → | ||
| Line 58: | Line 58: | ||
| ==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|date= |accessdate=1 November 2014}}</ref> in December 1995<ref name="toptradersunplugged">{{cite news |last= |first= |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|work= |location= |publisher=''Top Traders Unplugged''|date= |accessdate=1 November 2014}}</ref> with its head office in ], ], ]. It is a systematic macro hedge fund manager<ref name="absolutereturns">{{cite web |url=http://www.absolutereturns.com/program/name/qcm_global_diversified_programme|title=Quality Capital Management|publisher=Absolute Returns|date= |accessdate=1 November 2014}}</ref> 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'|work= |location= |publisher=''FINalternatives''|date=22 June 2010|accessdate=1 November 2014}}</ref> |
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|date= |accessdate=1 November 2014}}</ref> in December 1995<ref name="toptradersunplugged">{{cite news |last= |first= |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|work= |location= |publisher=''Top Traders Unplugged''|date= |accessdate=1 November 2014}}</ref> with its head office in ], ], ]. It is a systematic macro hedge fund manager<ref name="absolutereturns">{{cite web |url=http://www.absolutereturns.com/program/name/qcm_global_diversified_programme|title=Quality Capital Management|publisher=Absolute Returns|date= |accessdate=1 November 2014}}</ref> 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'|work= |location= |publisher=''FINalternatives''|date=22 June 2010|accessdate=1 November 2014}}</ref> | ||
| 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 ] 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|accessdate=1 November 2014}} Aref Karim, Quality Capital Management</ref> | 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 ] 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|accessdate=1 November 2014}} Aref Karim, Quality Capital Management</ref> | ||
| Line 65: | Line 65: | ||
| ==Investment products== | ==Investment products== | ||
| Its 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"/> | |||
| Enhanced Commodity Beta is long only is an actively managed product with a tested allocation model. Global Natural Resources is a specific offering for allocations from investors with an absolute return focus in commodities. All funds trade one or both of two asset classes expressed in futures: paper, meaning financial assets, or tangibles, meaning commodities.<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"/> 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 |last= |first= |url=http://www.finalternatives.com/node/12425|title=Quality Capital Management Launches UCITS III Hedge Fund|work= |location= |publisher=''FINalternatives''|date=10 May 2010|accessdate=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|work= |location= |publisher=''HedgeFund Intelligence''|date=21 September 2010|accessdate=1 November 2014}}</ref> | 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"/> 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 |last= |first= |url=http://www.finalternatives.com/node/12425|title=Quality Capital Management Launches UCITS III Hedge Fund|work= |location= |publisher=''FINalternatives''|date=10 May 2010|accessdate=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|work= |location= |publisher=''HedgeFund Intelligence''|date=21 September 2010|accessdate=1 November 2014}}</ref> | ||
| Line 75: | Line 73: | ||
| ==Performance== | ==Performance== | ||
| 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|work= |location= |publisher=''ValueWalk''|date=21 February 2014|accessdate=1 November 2014}}</ref> | 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|work= |location= |publisher=''ValueWalk''|date=21 February 2014|accessdate=1 November 2014}}</ref> | ||
| In 2006, the models 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 |last= |first= |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|work= |location=Surrey|publisher=''Surrey Life''|date=5 April 2010|accessdate=1 November 2014}}</ref> returning 59%.<ref name="finalternatives">{{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'|work= |location= |publisher=''FINalternatives''|date=22 June 2010|accessdate=1 November 2014}}</ref> 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 news |last=Reed|first=Kevin|url=http://www.accountancyage.com/aa/news/1807928/accountants-rich-list|title=Accountants make Rich List|work= |location= |publisher='']''|date=26 April 2010|accessdate=1 November 2014}}</ref><ref name="accountant">{{cite news |last= |first= |url=http://www.accountant.co.uk/news/2010/Apr/UKs-Richest-Accountants-Revealed.html|title=UKs Richest Accountants Revealed|work= |location= |publisher=''Accountant.co.uk''|date=27 April 2010|accessdate=1 November 2014}}</ref> | |||
| The GDP made a near 60% return in 2008,<ref name="thehedgefundjournal"/> but struggled in 2009, losing 12%.<ref name="finalternatives"/> Between 2005 and 2010, it has achieved annualised returns of around 20%.<ref name="hedgeweek">{{cite news |last= |first= |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”|work= |location= |publisher=''Hedgeweek''|date=4 April 2010|accessdate=1 November 2014}}</ref> | |||
| QCM manages assets of $900m.<ref name="thenational"/><ref name="thehedgefundjournal">{{cite news |last=McIntosh|first=Bill|url=http://www.thehedgefundjournal.com/node/6382|title=Quality Capital Management|work= |location= |publisher='']''|date=14 November 2011|accessdate=1 November 2014}}</ref> 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|work= |location=Abu Dhabi|publisher='']''|date=29 April 2011|accessdate=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 manages assets of $900m.<ref name="thenational"/><ref name="thehedgefundjournal">{{cite news |last=McIntosh|first=Bill|url=http://www.thehedgefundjournal.com/node/6382|title=Quality Capital Management|work= |location= |publisher='']''|date=14 November 2011|accessdate=1 November 2014}}</ref> 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|work= |location=Abu Dhabi|publisher='']''|date=29 April 2011|accessdate=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"/> | ||
| ==Strategies== | ==Strategies== | ||
| QCM trades in financial and commodities assets in 115 instruments worldwide.<ref name="finalternatives |
QCM trades in financial and commodities assets in 115 instruments worldwide.<ref name="finalternatives"/> 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="finalternatives"/> a ] system<ref name="finalternatives"/> which attempts to try and shift risk away from positions not working in QCM's favor<ref name="finalternatives"/> with an algorithm that adjusts position sizes<ref name="futuresmag"/> 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|work= |location= |publisher=''ValueWalk''|date=7 October 2014|accessdate=1 November 2014}}</ref> A risk budget is deployed based on relative opportunities through mainly an asset allocation process.<ref name="hedgeweek"/> | 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="finalternatives"/> a ] system<ref name="finalternatives"/> which attempts to try and shift risk away from positions not working in QCM's favor<ref name="finalternatives"/> with an algorithm that adjusts position sizes<ref name="futuresmag"/> 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|work= |location= |publisher=''ValueWalk''|date=7 October 2014|accessdate=1 November 2014}}</ref> A risk budget is deployed based on relative opportunities through mainly an asset allocation process.<ref name="hedgeweek"/> | ||
| As markets and technology have changed, QCM's approach to investing has continued to evolve with time. A central point of difference with QCM is its use of a flow-based approach set-up during 2003-05.<ref name="thehedgefundjournal"/> | |||
| ==See also== | ==See also== | ||
| Line 97: | Line 87: | ||
| ==References== | ==References== | ||
| {{Reflist|2}} | {{Reflist|2}} | ||
| ==External links== | |||
| *{{Official website|http://www.qualitycapital.com/}} | |||
| *{{Facebook|pages/Quality-Capital-Management/110991378926817|Quality Capital Management}} | |||
| {{Hedge funds}} | {{Hedge funds}} | ||
Revision as of 07:48, 29 July 2018
 | |
| Company type | Private |
|---|---|
| Industry | Hedge fund |
| Founded | December 1995 (1995-12) |
| 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
Its 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.
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 favor 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.
See also
Portal:
References
- ^ "Quality Capital Management". Absolute Returns. Retrieved 1 November 2014.
- "Aref Karim of QCM: from accountant to Hedge fund CEO". Top Traders Unplugged. Retrieved 1 November 2014.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - Campbell, Mary (22 June 2010). "Q&A: QCM Head Aref Karim Says 'It Pays To Be Patient'". FINalternatives. Retrieved 1 November 2014.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "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.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Cite error: The named reference
hedgeweekwas invoked but never defined (see the help page). - ^ "Quality Capital Management Launches UCITS III Hedge Fund". FINalternatives. 10 May 2010. Retrieved 1 November 2014.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - McIntosh, Bill (21 September 2010). "Deep retail investors may get access to Quality Capital Management UCITS fund". HedgeFund Intelligence. Retrieved 1 November 2014.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - Melin, Mark (21 February 2014). "QCM Adjusts Trend-Following Formula Amidst Difficult Environment". ValueWalk. Retrieved 1 November 2014.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Wright, Rupert (29 April 2011). "A small but perfectly formed fund". Abu Dhabi: The National. Retrieved 1 November 2014.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Cite error: The named reference
finalternativeswas invoked but never defined (see the help page). - Cite error: The named reference
futuresmagwas invoked but never defined (see the help page). - Melin, Mark (7 October 2014). "Quality Capital Management Above Water in Diversified Strategy". ValueWalk. Retrieved 1 November 2014.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help)
| Hedge funds | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Investment strategy |
|  | ||||||||
| Trading | ||||||||||
| Related terms |
| |||||||||
| Investors | ||||||||||
| Governance | ||||||||||
