Editor's view: 29 July 2010
Like Paris in the spring, the lure of the Ucits space is proving a heady experience for many managers. First Europe fell for the charms of these onshore products, now the Americans are joining in a communal swoon.
24/02/2010
Qbasis readies onshore version of ETF product
The burgeoning Exchange Traded Fund (ETF) universe continues to prove a popular draw for hedge fund managers, with managed futures specialist Qbasis Invest prepping a new vehicle for launch in the
next two months.
The fund will be an onshore version of the European fund manager’s flagship offshore product, the Qbasis Futures Fund, and will be aimed, as a first step, at the retail markets in Germany and Austria.
“Since the principals of Qbasis are from Austria, we have a very good understanding of the Austrian and German retail market and feel confident that we can offer a product that will attract
a lot of interest,” Philipp Polzl, the firm’s head of legal affairs and business development, told HFMWeek.
Domiciled in Lichtenstein, where Qbasis itself is based, the ETF will employ a mixture of the firm’s two principle strategies – the trend-following MF Trend and swing-reversal MF
Plus.
Polzl expects the fund to have secured $7-10m in AuM by the end of the year.
Qbasis Invest uses a 100% systematic approach, trading in more than 90 futures markets around the world, including Asia, North America and Europe. The Qbasis Futures Fund has an annualised performance of 40%.
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Comment: Amy B Hirsch
"It is imperative that investors of all types ensure they understand the relationship between the introducing party and the manager"
Investors sit tight on impaired assets
Playing the ‘what if’ game can be fun but, depending on the number of variables in question, it can get a little out of control. Apply this conceit to the hedge fund sector's performance during the financial crisis and the possible permutations become legion.
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