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Quiddity LLC 

Quiddity Earnings Diversification

Manager: Donald A. Newell

Address: 141 West Jackson Blvd, 31st Floor, Chicago, IL, 60604, U.S.A.

PAST PERMORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Overview

Program Type:CTA
Inception Date:Jan 27, 2003
AUM:$11,500,000
QEP:Yes
Incentive Fee:20%
Annual Mgt Fee:2%
Min Investment:$25,000
Disclosure Doc:View
Performance Program S&P 500
Total ROR:166.37%174.56%
Annual ROR:10.48%10.82%
YTD:0.00%7.90%
1 Year:0.00%15.09%
Alpha:0.81
Beta:0.00
Statistics Program S&P 500
Average Monthly Gain:1.79%5637.33%
Average Monthly Loss:-2.55%-3.31%
Winning Months:93104
Losing Months:2514
Current DD:0.008.86
Max DD:17.5352.56
Sharpe Ratio (RF 1%):1.03
Annualized Std Dev:9.22

Methodology

Discretionary:50%
Systematic:0%

Strategy

StrategyMulti-Strategy
DirectionalLong / Short
Holding PeriodLong Term
---------------------------
Option Spreads:100%

Monthly Returns as Percentage by Year

JanFebMarAprMayJunJul AugSepOctNovDecYTD
20121.532.470.880.53-2.343.310.511.021.000.529.73
20110.961.93-0.220.841.181.10-0.451.311.170.210.880.7310.05
20101.39-1.901.50-1.70-0.611.980.510.431.671.50-0.311.315.82
20090.743.580.503.220.150.590.171.171.400.311.621.0415.41
20081.23-0.680.251.681.322.660.641.11-5.76-12.495.656.410.57
20072.02-3.84-6.067.093.08-1.063.251.083.451.173.470.3914.20
20060.150.851.03-0.14-9.834.362.902.832.241.57-2.883.265.66
20052.381.020.83-0.501.181.570.71-0.563.140.122.191.2914.14
20041.745.670.01-4.03-0.253.67-0.170.724.15-0.070.650.9013.40
20031.043.350.837.11-2.350.97-3.620.173.22-2.051.384.4814.97

PAST PERMORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Program Info

Quiddity LLC structures probability based strategies that reflect our macroeconomic views on liquid market sectors. Probability based strategies have non-linear performance profiles that enhance profit potential and facilitate advanced risk management. Such strategies profit both above and below our entry points, and profit even when our biases are wrong, while adding significant profit when we are correct. Our traders are experienced options market makers, wit specific expertise in probability based trading. They are assisted by powerful proprietary analytic tools that reflect our one hundred man years of development effort.

Company Info

Quiddity LLC structures probability based strategies that reflect our macroeconomic views on liquid market sectors. Probability based strategies have non-linear performance profiles that enhance profit potential and facilitate advanced risk management. Such strategies profit both above and below our entry points, and profit even when our biases are wrong, while adding significant profit when we are correct. Our traders are experienced options market makers, wit specific expertise in probability based trading. They are assisted by powerful proprietary analytic tools that reflect our one hundred man years of development effort.

Manager Info

Donald A. Newell, Principal and Head Trader, Quiddity, LLC. Donald brings extensive knowledge and success in options trading to Quiddity, LLC, as well as practical entrepreneurial experience. His eight years as a market maker at the Chicago Board Options Exchange were marked by consistent financial success and the implementation of new ideas. Donald began his trading career at BOTTA Capital Management, where he had the most profitable first year of trading in the firm's history. Soon after, Donald began assisting in developing a formalized educational program to train the firm's future floor traders.

In 1998, Donald left BOTTA to found Second City Trading LLC, a proprietary options trading firm specializing in both on- and off-floor market making. As the firm's head trader, Donald was responsible for creating and implementing the firm's risk management policy; developing and helping to run Second City's trading desk; and overseeing they daily trading of the firm's 20 traders. In 1998, Second City was one of the first groups to partner with First Options of Chicago in developing an electronic execution system for floor traders. Additionally, Donald pioneered the firm's use of electronic systems, which took advantage of arbitrage opportunities between mispriced options.

Donald has applied his understanding of the equity options market to trading options on treasury futures. A CTA at Sheridan Investments from 2000 - 2001, Donald used a fundamental approach to trade options on interest rate, currency, and equity futures. During this time, he achieved returns averaging greater than one percent each month.
Additionally, he refined the firm's risk management methods, resulting in an overall reduction of capital risk while maintaining consistent monthly returns.

Whether trading on or off of the floor, Donald A. Newell has successfully coupled an instinctual understanding of markets with implementing precise systems. He seeks new, more efficient ways to approach trading and benefits from now trading from the perspective of both a market maker and a professional customer.