Q: AQR Capital Management, saw its Delphi Long Short Equity Strategy post a return of 7.1% in January alone.
What do you think of ETF's like this?
Is there one [or more] in Canada you would recommend, or would you not recommend these types of ETF's?
Thank you.
What do you think of ETF's like this?
Is there one [or more] in Canada you would recommend, or would you not recommend these types of ETF's?
Thank you.
5i Research Answer:
QLEIX is a hedge fund strategy that trades also as a fund in the US. It is not available for sale to Canadians. To get high returns, funds typically take large stock or sector positions. These funds can also use leverage to amplify returns. They are not for everyone but they can be non-correlated to other assets at times. Picton Mahoney offers four ETF 'hedge' fund strategies. PFAE was up 2.8% in January and uses 30% leverage.