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| | products = Global Diversified Programme, Alpha Financials Programme | | products = Global Diversified Programme, Alpha Financials Programme, Commodity Directional Programme | ||
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| ==History== | ==History== | ||
| 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). | |||
| 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"/> specialising in managed futures.<ref name="finalternatives2">{{cite news|url=http://www.finalternatives.com/node/12425|title=Quality Capital Management Launches UCITS III Hedge Fund|last=Campbell|first=Mary|date=10 May 2010|work=|publisher=''FINalternatives''|location=|accessdate=1 November 2014}}</ref> It manages investments for its clients by applying its proprietary strategies on a diverse set of liquid and listed financial and commodity futures markets traded in major global exchanges.<ref name="absolutereturns"/> It has partnered with institutions, family offices and high net worths worldwide to manage and enhance its wealth, and managed a portfolio of alternative investments for the world's largest sovereign wealth fund. | |||
| 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 is regulated in the UK by the ] and is registered in the U.S with the ]/] as a ] and a ].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 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. | |||
| ==Investment products== | |||
| QCM offers actively-run systematic global macro solutions to investors. Its investor base is global and largely institutional, sovereigns and pensions.<ref name="absolutereturns"/> | |||
| 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. | |||
| The company offers products that are liquid and transparent, participating in most economic environments. It currently offers four products. Through an integrated and seamless investment process, it aims to deliver investors a non-correlated source of absolute return ('alpha'). It runs the strategy, including its risk management, in a quantitative and systematic manner.<ref name="absolutereturns"/> It offers three 'long volatility' investment programmes: the Global Diversified Programme, Alpha Financials Programme, with a total ] of $38 million as of September 2016.<ref name="hedgefundintelligence"/> Aref Karim, Quality Capital Management. Each fund is offshore and each offers managed accounts for larger investments.<ref name="thehedgefundjournal">{{cite news|url=http://www.thehedgefundjournal.com/node/6382|title=Quality Capital Management|last=McIntosh|first=Bill|date=14 November 2011|work=|publisher='']''|location=|accessdate=1 November 2014}}</ref> | |||
| Focusing on a high quality personalized service to investors takes us one step further: working with investors to customise solutions for their specific needs. | |||
| 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"|last=|first=|date=4 April 2010|work=|publisher=''Hedgeweek''|location=|accessdate=1 November 2014}}</ref> | |||
| == |
==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. | |||
| QCM trades in financial and commodities assets in 115 instruments worldwide.<ref name="finalternatives">{{cite news|url=http://www.finalternatives.com/node/12929|title=Q&A: QCM Head Aref Karim Says 'It Pays To Be Patient'|last=Campbell|first=Mary|date=22 June 2010|work=|publisher=''FINalternatives''|location=|accessdate=1 November 2014}}</ref> Its strategies are opportunistic<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|work= |location= |publisher=''Futures''|date=23 February 2007|accessdate=1 November 2014}}</ref> and runs a holistic and systematic model-based strategy that treats all assets agnostically.<ref name="hedgeweek"/> It invests its funds through proprietary strategies that take futures positions in major global exchanges across financial and commodity markets. | |||
| ==Approach== | |||
| 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 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. | |||
| 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"/> | |||
| * 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== | ||
Revision as of 14:49, 19 October 2016
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 | |
| Company type | Private |
|---|---|
| Industry | Hedge fund |
| Founded | December 1995 (1995-12) |
| Founder | Aref Karim |
| Headquarters | 3 The Heights. Brooklands, Weybridge, Surrey, England, KT13 0NY |
| Number of locations | 1 |
| Area served | Worldwide |
| Key people | Aref Karim (CEO & CIO) |
| Products | Global Diversified Programme, Alpha Financials Programme, Commodity Directional Programme |
| 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 based in Weybridge, Elmbridge, Surrey, England.
History
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).
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 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 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.
Focusing on a high quality personalized service to investors takes us one step further: working with investors to customise solutions for their specific needs.
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.
Approach
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
References
External links
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