CQA Model Portfolio Remarks – Feb. 2021

The Coquest Advisors Model Portfolio gained an estimated +7.1% in February and is up approximately 7.2% YTD for 2021. Performance was broad-based, with all sub-strategies contributing positively during the month. Trend following was again the largest positive contributor to performance, as the strategy was able to capture significant profits from long commodity and short interest rate trades. Systematic global macro also profited handsomely from the short interest rate trade, while adding additional profits from long equity positions. Fundamental energy trading and fundamental equity index timing also produced meaningful gains, thanks in part to rising prices in their respective markets. Short-term pattern recognition, while positive, contributed the least to performance, as gains from fixed-income trading were partially offset by losses in precious metals.

 

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Disclosure: The risk of loss in trading futures and/or options is substantial. Past performance is not indicative of future results. The information in this message derived from third-party sources is believed to be accurate and reliable; Coquest does not guarantee the accuracy or completeness of the information. Opinions expressed in this material are subject to change without notice. This report should not be interpreted as a request to engage in any transaction of futures, options, and/or OTC derivatives. The information contained in this material is not to be relied upon in substitution for the exercise of your independent judgment. Seek independent financial, tax, legal, and accounting advice from your own professional advisers, based upon your particular circumstances.

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