QFS Will Continue to Research the Global Macro and Currency Markets And Seek to Develop New and Innovative Sources Of Returns GREENWICH, Conn. --(BUSINESS WIRE)-- QFS Asset Management announced today that it would hand back nearly $1.0 billion in client assets. Karlheinz Muhr , Chairman and CEO of QFS, said: “After careful consideration, QFS has concluded that the current market environment does not offer adequate risk adjusted opportunities for fundamentally-driven quant macro strategies, and that is unlikely to change for the foreseeable future. In the absence of opportunities, QFS has determined that it is in the best interests of its investors to return all capital." QFS will continue its research efforts in the global macro and currency markets and seek to develop new and innovative sources of returns. Longer term, management remains confident that economic realities ultimately will force a normalization of asset prices, which will allow fundamentally-driven strategies to extract commensurate risk adjusted returns. QFS has expressed gratitude to its clients for their trust and support over many years and expects to complete its disbursement of client funds by the end of January. For QFS Asset Management Leo Murray , 212-922-0900 firstname.lastname@example.org Source: QFS Asset Management
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