Down big, QFS liquidates macro, fixed income funds
February 04, 2013
Fixed income fund had lost money for three consecutive years; firm drops out of Billion Dollar Club.
QFS Asset Management is down to a single hedge fund, having liquidated its other two strategies following poor performance.
The Greenwich, Conn., firm axed its global macro and fixed income funds at the end of December following losses of 11.32% and 9.31%, respectively, in 2012. By comparison, the Absolute Return Macro Index was up 3.38% for the year and the Absolute Return Fixed Income Index gained 8.38%.
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