AlphaQuest Original program (AQO) is Quest's flagship strategy. AQO has a 15 year track record. It has returned an annualized +12% since its May 1999 inception. In particular, since inception, AQO has returned +142% during the 3 largest S&P500 drawdown periods. AQO is a futures and FX trading program that targets to deliver positive Alpha and positive skew. Trading time frames range from between a few hours to over a year, with average trade length of 7 days. AQO has delivered about +7% of annual Alpha to both CTA indices and hedge fund indices and +10% annual Alpha to the S&P500.