White Paper: Will the Stock Market Go Up? Will the stock market go down in the next six months? The simple answer is no, or probably not. The correct answer is sometimes, in unique situations, you have better odds of making money being short equities instead of long equities. In this paper, we will discuss a widely accepted equity valuation model - The Gordon Growth Model - and what factors can contribute to the expected returns of equities.
RQSI 2018 Year In Review If we have to lose money, we had better at least learn something doing it. 2018 is over and we made as much progress as ever in understanding the true essence of what we do. We have spent the past 5 years in the top decile of systematic global macro traders and, this year, we are more slightly below middle of the pack. While we would have liked to have been a little smarter this year, the problem with being “smarter” – or different than we were – is that the “smarter” version is prone [...]
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RQSI 2017 Year In Review We wanted to take a moment at the close of 2017 to give an update on our strategies and how we have implemented and evolved them over the years. 2017 was an example of how our models worked in concert to produce solid returns for the first 7 months of the year when the general CTA space suffered and then continued to produce solid results for the last 5 months when trend-following worked well. You can see the full analysis of our systematic global macro fund for 2017 in the “Performance Commentary” section of this [...]
RQSI 2016 Year In Review Our annual Year In Review includes a Letter from the Manager (Mr. Ramsey), which blends several components, including a look back on our year, personal insights, market analysis and a look forward. A detailed Performance Analysis and Summary is also presented. An overview of our GAA Systematic Global Macro Fund and our firm’s philosophic drivers, round out the publication.
Dear Friends, Looking back on 2015, it seems like we just lived two different years. The first half was the year of perfection. It was as if the markets were designed to fit our models. The second half of the year was a constant battle. All in all, it was a solid year with a net return of almost 5%. We would hope for a higher return, but given the implosion in commodity prices and the choppiness elsewhere, our models simply do not react to a higher frequency chop like we saw in many markets. From a broader perspective, the [...]