Quest Partners LLC

Quest Fixed Income Hedge Program (QFIT) *QEP*


Monthly Performance (%)

Date Range: 10/13 - 04/19
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2019 -0.32 0.42 0.23 0.35   0.68 
2018 2.45 -1.63 -1.36 1.09 -1.17 0.26 0.68 -0.39 1.05 -2.44 -1.34 -1.32  -4.15 
2017 -0.73 -0.05 -0.65 -0.38 -0.81 1.02 -0.38 -0.67 0.95 1.48 -0.09 0.20  -0.14 
2016 -1.05 -0.44 -0.68 -0.04 -0.45 -1.50 0.39 -0.58 -0.65 0.75 4.40 0.88  0.91 
2015 0.23 1.42 0.00 0.21 0.12 -0.98 -1.15 -1.55 -0.05 -0.93 0.86 -1.27  -3.09 
2014 -2.29 -0.12 -1.17 -1.51 0.51 0.33 0.19 0.48 2.57 0.01 1.53 0.26  0.70 
2013 0.84 1.05  1.90 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

QFIT is designed to hedge fixed income downturns using a similar trade filtering methodology as the Quest Equity Hedge program in relation to the US 10Y bond contract. QFIT is based on the Quest Tracker Index replicator strategy. QFIT positions Beta to the US 10Y bond constrained to vary in the 0.0 to -1.5 range.

Performance Statistics

Date Range: 10/13 - 04/19
  Program S&P 500 Altegris 40 
Total Return -3.31% 96.55% 18.94% 
Annualized Return -0.61% 12.87% 3.16% 
Annualized Std. Deviation 3.99% 11.01% 8.48% 
Correlation 0.40 0.30 
Sharpe Ratio (rf=2.5%) -0.78 0.94 0.08 
Worst Month -2.44% -9.03% -6.10% 
Date of Worst Month 10/2018 12/2018 02/2018 
Worst Drawdown -9.64% -13.52% -13.63% 
Date of Worst Drawdown 5/15 - 9/16 9/18 - 12/18 3/15 - 1/19 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 10/13 - 04/19

Year or YTD Program S&P 500 Altegris 40 
2019 0.68 18.24 5.17 
2018 -4.15 -4.38 -4.29 
2017 -0.14 21.84 1.24 
2016 0.91 11.98 -3.13 
2015 -3.09 1.41 0.09 
2014 0.70 13.69 15.75 
2013 1.90 5.66 1.67 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 10/13 - 04/19
Date: 4/30/2019
Perf: $1,162.75 Date: 3/31/2019
Perf: $1,131.63 Date: 2/28/2019
Perf: $1,092.42 Date: 1/31/2019
Perf: $1,085.47 Date: 12/31/2018
Perf: $1,105.59 Date: 11/30/2018
Perf: $1,100.97 Date: 10/31/2018
Perf: $1,114.34 Date: 9/30/2018
Perf: $1,142.56 Date: 8/31/2018
Perf: $1,147.72 Date: 7/31/2018
Perf: $1,119.19 Date: 6/30/2018
Perf: $1,127.64 Date: 5/31/2018
Perf: $1,118.25 Date: 4/30/2018
Perf: $1,132.86 Date: 3/31/2018
Perf: $1,120.76 Date: 2/28/2018
Perf: $1,121.77 Date: 1/31/2018
Perf: $1,194.64 Date: 12/31/2017
Perf: $1,155.14 Date: 11/30/2017
Perf: $1,142.68 Date: 10/31/2017
Perf: $1,141.20 Date: 9/30/2017
Perf: $1,095.30 Date: 8/31/2017
Perf: $1,118.91 Date: 7/31/2017
Perf: $1,100.64 Date: 6/30/2017
Perf: $1,096.37 Date: 5/31/2017
Perf: $1,129.34 Date: 4/30/2017
Perf: $1,127.20 Date: 3/31/2017
Perf: $1,134.01 Date: 2/28/2017
Perf: $1,150.81 Date: 1/31/2017
Perf: $1,126.26 Date: 12/31/2016
Perf: $1,140.97 Date: 11/30/2016
Perf: $1,132.37 Date: 10/31/2016
Perf: $1,144.96 Date: 9/30/2016
Perf: $1,175.29 Date: 8/31/2016
Perf: $1,190.64 Date: 7/31/2016
Perf: $1,223.56 Date: 6/30/2016
Perf: $1,211.20 Date: 5/31/2016
Perf: $1,161.83 Date: 4/30/2016
Perf: $1,182.52 Date: 3/31/2016
Perf: $1,212.97 Date: 2/29/2016
Perf: $1,248.81 Date: 1/31/2016
Perf: $1,218.82 Date: 12/31/2015
Perf: $1,177.83 Date: 11/30/2015
Perf: $1,205.56 Date: 10/31/2015
Perf: $1,165.81 Date: 9/30/2015
Perf: $1,186.45 Date: 8/31/2015
Perf: $1,161.25 Date: 7/31/2015
Perf: $1,181.70 Date: 6/30/2015
Perf: $1,137.23 Date: 5/31/2015
Perf: $1,199.61 Date: 4/30/2015
Perf: $1,208.31 Date: 3/31/2015
Perf: $1,256.82 Date: 2/28/2015
Perf: $1,229.65 Date: 1/31/2015
Perf: $1,231.62 Date: 12/31/2014
Perf: $1,176.78 Date: 11/30/2014
Perf: $1,156.43 Date: 10/31/2014
Perf: $1,091.49 Date: 9/30/2014
Perf: $1,075.67 Date: 8/31/2014
Perf: $1,059.88 Date: 7/31/2014
Perf: $1,016.87 Date: 6/30/2014
Perf: $1,025.07 Date: 5/31/2014
Perf: $1,016.33 Date: 4/30/2014
Perf: $990.96 Date: 3/31/2014
Perf: $983.48 Date: 2/28/2014
Perf: $998.26 Date: 1/31/2014
Perf: $990.14 Date: 12/31/2013
Perf: $1,016.67 Date: 11/30/2013
Perf: $1,018.10 Date: 10/31/2013
Perf: $1,000.00 Date: 4/30/2019
Perf: $1,879.07 Date: 3/31/2019
Perf: $1,805.93 Date: 2/28/2019
Perf: $1,771.56 Date: 1/31/2019
Perf: $1,716.46 Date: 12/31/2018
Perf: $1,589.17 Date: 11/30/2018
Perf: $1,746.92 Date: 10/31/2018
Perf: $1,711.99 Date: 9/30/2018
Perf: $1,837.69 Date: 8/31/2018
Perf: $1,827.27 Date: 7/31/2018
Perf: $1,769.58 Date: 6/30/2018
Perf: $1,706.12 Date: 5/31/2018
Perf: $1,695.60 Date: 4/30/2018
Perf: $1,655.70 Date: 3/31/2018
Perf: $1,649.43 Date: 2/28/2018
Perf: $1,692.42 Date: 1/31/2018
Perf: $1,757.26 Date: 12/31/2017
Perf: $1,662.03 Date: 11/30/2017
Perf: $1,643.78 Date: 10/31/2017
Perf: $1,594.82 Date: 9/30/2017
Perf: $1,558.51 Date: 8/31/2017
Perf: $1,527.05 Date: 7/31/2017
Perf: $1,522.33 Date: 6/30/2017
Perf: $1,491.61 Date: 5/31/2017
Perf: $1,482.42 Date: 4/30/2017
Perf: $1,461.80 Date: 3/31/2017
Perf: $1,446.90 Date: 2/28/2017
Perf: $1,445.17 Date: 1/31/2017
Perf: $1,389.98 Date: 12/31/2016
Perf: $1,364.07 Date: 11/30/2016
Perf: $1,337.58 Date: 10/31/2016
Perf: $1,289.86 Date: 9/30/2016
Perf: $1,313.77 Date: 8/31/2016
Perf: $1,313.51 Date: 7/31/2016
Perf: $1,311.67 Date: 6/30/2016
Perf: $1,264.99 Date: 5/31/2016
Perf: $1,261.71 Date: 4/30/2016
Perf: $1,239.40 Date: 3/31/2016
Perf: $1,234.59 Date: 2/29/2016
Perf: $1,156.20 Date: 1/31/2016
Perf: $1,157.70 Date: 12/31/2015
Perf: $1,218.12 Date: 11/30/2015
Perf: $1,237.68 Date: 10/31/2015
Perf: $1,233.97 Date: 9/30/2015
Perf: $1,137.93 Date: 8/31/2015
Perf: $1,166.75 Date: 7/31/2015
Perf: $1,241.62 Date: 6/30/2015
Perf: $1,216.08 Date: 5/31/2015
Perf: $1,240.14 Date: 4/30/2015
Perf: $1,224.35 Date: 3/31/2015
Perf: $1,212.71 Date: 2/28/2015
Perf: $1,232.17 Date: 1/31/2015
Perf: $1,165.18 Date: 12/31/2014
Perf: $1,201.21 Date: 11/30/2014
Perf: $1,204.22 Date: 10/31/2014
Perf: $1,172.68 Date: 9/30/2014
Perf: $1,144.75 Date: 8/31/2014
Perf: $1,161.00 Date: 7/31/2014
Perf: $1,116.35 Date: 6/30/2014
Perf: $1,131.97 Date: 5/31/2014
Perf: $1,109.01 Date: 4/30/2014
Perf: $1,083.55 Date: 3/31/2014
Perf: $1,075.59 Date: 2/28/2014
Perf: $1,066.63 Date: 1/31/2014
Perf: $1,020.01 Date: 12/31/2013
Perf: $1,056.57 Date: 11/30/2013
Perf: $1,030.50 Date: 10/31/2013
Perf: $1,000.00 Date: 4/30/2019
Perf: $966.91 Date: 3/31/2019
Perf: $963.53 Date: 2/28/2019
Perf: $961.32 Date: 1/31/2019
Perf: $957.30 Date: 12/31/2018
Perf: $960.38 Date: 11/30/2018
Perf: $973.22 Date: 10/31/2018
Perf: $986.44 Date: 9/30/2018
Perf: $1,011.11 Date: 8/31/2018
Perf: $1,000.60 Date: 7/31/2018
Perf: $1,004.52 Date: 6/30/2018
Perf: $997.74 Date: 5/31/2018
Perf: $995.15 Date: 4/30/2018
Perf: $1,006.93 Date: 3/31/2018
Perf: $996.07 Date: 2/28/2018
Perf: $1,009.81 Date: 1/31/2018
Perf: $1,026.54 Date: 12/31/2017
Perf: $1,001.99 Date: 11/30/2017
Perf: $999.99 Date: 10/31/2017
Perf: $1,000.89 Date: 9/30/2017
Perf: $986.30 Date: 8/31/2017
Perf: $977.01 Date: 7/31/2017
Perf: $983.60 Date: 6/30/2017
Perf: $987.36 Date: 5/31/2017
Perf: $977.39 Date: 4/30/2017
Perf: $985.37 Date: 3/31/2017
Perf: $989.13 Date: 2/28/2017
Perf: $995.60 Date: 1/31/2017
Perf: $996.10 Date: 12/31/2016
Perf: $1,003.42 Date: 11/30/2016
Perf: $994.67 Date: 10/31/2016
Perf: $952.75 Date: 9/30/2016
Perf: $945.65 Date: 8/31/2016
Perf: $951.84 Date: 7/31/2016
Perf: $957.39 Date: 6/30/2016
Perf: $953.67 Date: 5/31/2016
Perf: $968.20 Date: 4/30/2016
Perf: $972.57 Date: 3/31/2016
Perf: $972.96 Date: 2/29/2016
Perf: $979.63 Date: 1/31/2016
Perf: $983.95 Date: 12/31/2015
Perf: $994.40 Date: 11/30/2015
Perf: $1,007.19 Date: 10/31/2015
Perf: $998.60 Date: 9/30/2015
Perf: $1,007.97 Date: 8/31/2015
Perf: $1,008.48 Date: 7/31/2015
Perf: $1,024.35 Date: 6/30/2015
Perf: $1,036.27 Date: 5/31/2015
Perf: $1,046.53 Date: 4/30/2015
Perf: $1,045.27 Date: 3/31/2015
Perf: $1,043.08 Date: 2/28/2015
Perf: $1,043.08 Date: 1/31/2015
Perf: $1,028.48 Date: 12/31/2014
Perf: $1,026.12 Date: 11/30/2014
Perf: $1,023.46 Date: 10/31/2014
Perf: $1,008.03 Date: 9/30/2014
Perf: $1,007.93 Date: 8/31/2014
Perf: $982.68 Date: 7/31/2014
Perf: $977.98 Date: 6/30/2014
Perf: $976.13 Date: 5/31/2014
Perf: $972.92 Date: 4/30/2014
Perf: $967.98 Date: 3/31/2014
Perf: $982.82 Date: 2/28/2014
Perf: $994.46 Date: 1/31/2014
Perf: $995.65 Date: 12/31/2013
Perf: $1,018.99 Date: 11/30/2013
Perf: $1,008.40 Date: 10/31/2013
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 10/13 - 04/19
Date: 4/30/2019
Return: 0.35 % Date: 3/31/2019
Return: 0.23 % Date: 2/28/2019
Return: 0.42 % Date: 1/31/2019
Return: -0.32 % Date: 12/31/2018
Return: -1.32 % Date: 11/30/2018
Return: -1.34 % Date: 10/31/2018
Return: -2.44 % Date: 9/30/2018
Return: 1.05 % Date: 8/31/2018
Return: -0.39 % Date: 7/31/2018
Return: 0.68 % Date: 6/30/2018
Return: 0.26 % Date: 5/31/2018
Return: -1.17 % Date: 4/30/2018
Return: 1.09 % Date: 3/31/2018
Return: -1.36 % Date: 2/28/2018
Return: -1.63 % Date: 1/31/2018
Return: 2.45 % Date: 12/31/2017
Return: 0.20 % Date: 11/30/2017
Return: -0.09 % Date: 10/31/2017
Return: 1.48 % Date: 9/30/2017
Return: 0.95 % Date: 8/31/2017
Return: -0.67 % Date: 7/31/2017
Return: -0.38 % Date: 6/30/2017
Return: 1.02 % Date: 5/31/2017
Return: -0.81 % Date: 4/30/2017
Return: -0.38 % Date: 3/31/2017
Return: -0.65 % Date: 2/28/2017
Return: -0.05 % Date: 1/31/2017
Return: -0.73 % Date: 12/31/2016
Return: 0.88 % Date: 11/30/2016
Return: 4.40 % Date: 10/31/2016
Return: 0.75 % Date: 9/30/2016
Return: -0.65 % Date: 8/31/2016
Return: -0.58 % Date: 7/31/2016
Return: 0.39 % Date: 6/30/2016
Return: -1.50 % Date: 5/31/2016
Return: -0.45 % Date: 4/30/2016
Return: -0.04 % Date: 3/31/2016
Return: -0.68 % Date: 2/29/2016
Return: -0.44 % Date: 1/31/2016
Return: -1.05 % Date: 12/31/2015
Return: -1.27 % Date: 11/30/2015
Return: 0.86 % Date: 10/31/2015
Return: -0.93 % Date: 9/30/2015
Return: -0.05 % Date: 8/31/2015
Return: -1.55 % Date: 7/31/2015
Return: -1.15 % Date: 6/30/2015
Return: -0.98 % Date: 5/31/2015
Return: 0.12 % Date: 4/30/2015
Return: 0.21 % Date: 3/31/2015
Return: 0.00 % Date: 2/28/2015
Return: 1.42 % Date: 1/31/2015
Return: 0.23 % Date: 12/31/2014
Return: 0.26 % Date: 11/30/2014
Return: 1.53 % Date: 10/31/2014
Return: 0.01 % Date: 9/30/2014
Return: 2.57 % Date: 8/31/2014
Return: 0.48 % Date: 7/31/2014
Return: 0.19 % Date: 6/30/2014
Return: 0.33 % Date: 5/31/2014
Return: 0.51 % Date: 4/30/2014
Return: -1.51 % Date: 3/31/2014
Return: -1.17 % Date: 2/28/2014
Return: -0.12 % Date: 1/31/2014
Return: -2.29 % Date: 12/31/2013
Return: 1.05 % Date: 11/30/2013
Return: 0.84 % Date: 10/31/2013
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 10/13 - 04/19
Return: 4.00 %
Count: 1 Return: 2.00 %
Count: 2 Return: 3.00 %
Count: 1 Return: -1.00 %
Count: 17 Return: -2.00 %
Count: 6 Return: 1.00 %
Count: 13 Return: 0.00 %
Count: 27
Note: All performance data is since program inception.

Underwater Curve

Date Range: 10/13 - 04/19
Date: 4/30/2019
Drawdown: -7.61 % Date: 3/31/2019
Drawdown: -7.93 % Date: 2/28/2019
Drawdown: -8.14 % Date: 1/31/2019
Drawdown: -8.53 % Date: 12/31/2018
Drawdown: -8.23 % Date: 11/30/2018
Drawdown: -7.00 % Date: 10/31/2018
Drawdown: -5.74 % Date: 9/30/2018
Drawdown: -3.38 % Date: 8/31/2018
Drawdown: -4.39 % Date: 7/31/2018
Drawdown: -4.01 % Date: 6/30/2018
Drawdown: -4.66 % Date: 5/31/2018
Drawdown: -4.91 % Date: 4/30/2018
Drawdown: -3.78 % Date: 3/31/2018
Drawdown: -4.82 % Date: 2/28/2018
Drawdown: -3.51 % Date: 1/31/2018
Drawdown: -1.91 % Date: 12/31/2017
Drawdown: -4.26 % Date: 11/30/2017
Drawdown: -4.45 % Date: 10/31/2017
Drawdown: -4.36 % Date: 9/30/2017
Drawdown: -5.76 % Date: 8/31/2017
Drawdown: -6.64 % Date: 7/31/2017
Drawdown: -6.01 % Date: 6/30/2017
Drawdown: -5.65 % Date: 5/31/2017
Drawdown: -6.61 % Date: 4/30/2017
Drawdown: -5.84 % Date: 3/31/2017
Drawdown: -5.48 % Date: 2/28/2017
Drawdown: -4.87 % Date: 1/31/2017
Drawdown: -4.82 % Date: 12/31/2016
Drawdown: -4.12 % Date: 11/30/2016
Drawdown: -4.96 % Date: 10/31/2016
Drawdown: -8.96 % Date: 9/30/2016
Drawdown: -9.64 % Date: 8/31/2016
Drawdown: -9.05 % Date: 7/31/2016
Drawdown: -8.52 % Date: 6/30/2016
Drawdown: -8.87 % Date: 5/31/2016
Drawdown: -7.48 % Date: 4/30/2016
Drawdown: -7.07 % Date: 3/31/2016
Drawdown: -7.03 % Date: 2/29/2016
Drawdown: -6.39 % Date: 1/31/2016
Drawdown: -5.98 % Date: 12/31/2015
Drawdown: -4.98 % Date: 11/30/2015
Drawdown: -3.76 % Date: 10/31/2015
Drawdown: -4.58 % Date: 9/30/2015
Drawdown: -3.68 % Date: 8/31/2015
Drawdown: -3.64 % Date: 7/31/2015
Drawdown: -2.12 % Date: 6/30/2015
Drawdown: -0.98 % Date: 5/31/2015
Drawdown: 0.00 % Date: 4/30/2015
Drawdown: 0.00 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: 0.00 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: 0.00 % Date: 11/30/2014
Drawdown: 0.00 % Date: 10/31/2014
Drawdown: -1.07 % Date: 9/30/2014
Drawdown: -1.08 % Date: 8/31/2014
Drawdown: -3.56 % Date: 7/31/2014
Drawdown: -4.02 % Date: 6/30/2014
Drawdown: -4.21 % Date: 5/31/2014
Drawdown: -4.52 % Date: 4/30/2014
Drawdown: -5.01 % Date: 3/31/2014
Drawdown: -3.55 % Date: 2/28/2014
Drawdown: -2.41 % Date: 1/31/2014
Drawdown: -2.29 % Date: 12/31/2013
Drawdown: 0.00 % Date: 11/30/2013
Drawdown: 0.00 %
Note: All performance data is since program inception.

Underwater Curve

Manager Information

Manager Name:  Quest Partners LLC
Address: 126 East 56th 25th Floor
City: New York
State: NY
Zip: 10022
Country: USA

Key People

Name:  Nigol Koulajain
Position:  Principal
Biography: 


Name:  Paul Czkwianianc
Position:  Principal
Biography: 

Head of Research


Additional Information

 Futures Sectors Traded
 Stock Indexes Yes 
 Interest Rates Yes 
 Investment Methodology
 Trend Following Yes 
 Systematic Yes 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 United States Yes 
 Holding Period
 Long Term Yes 
 Medium Term Yes 
 Short Term Yes 
 Investment Terms & Information
 Managed Account Minimum: $10,000,000 
 Margin / Equity Ratio: 10% 
 Managed Account Availability: Open