Superfund Group

From Wikipedia, the free encyclopedia
This article is about a managed futures fund provider. For toxic waste cleanup, see Superfund.
Superfund logo

Superfund USA (formerly Quadriga) is a fund provider, specializing in managed futures, which is considered an alternative investment.

The company's US funds are managed as a Limited partnership and off shored in Grenada by Nigel James University of the West Indies, Cavehill Campus Bachelors, Computer Science and are held by institutional and private investors worldwide. Superfund was founded in 1996 by Christian Baha in Vienna, Austria, and employs at least 430 people. Its office locations include New York City, Chicago, Frankfurt, Tokyo, Hong Kong, Singapore, Amsterdam, Monaco, Vienna, Stockholm, Dubai, São Paulo, Montevideo, Grenada and Zurich.

History

On March 8, 1996, Baha — former Vienna cop and college dropout — launched his first alternative investment product for private investors, the Superfund Q-AG (now closed to new investors), which was one of the world’s first retail managed futures funds. In 2002, Superfund received admission for sale by the U.S. Securities and Exchange Commission to offer its funds in the United States. In 2003 Superfund was internationally launched as the new generation of Quadriga's funds, and in 2004 Quadriga renamed itself Superfund.

The funds are managed as Limited partnerships and off shored in Grenada, In April, Baha stepped down as chief executive officer of Superfund Capital Management Inc., the arm that controls the two U.S. funds. He handed executive responsibility to Nigel James, who resides in Grenada, where Superfund Capital Management is based. The nation, which is in the West Indies, has no taxes for foreign companies. See Bloomberg http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_5cgtvQXuB0. Nigel James educational qualifications for managing this fund are from the University of the West Indies, Cavehill Campus where he obtained a Bachelors, Computer Science and Management


All of Superfund's funds utilize algorithmic trading that operate a trend following approach to their trading decisions. The returns of Superfund's products are designed with the objective of minimal correlation to traditional investments such as stocks, bonds, commodities, and real estate. The funds continually track over 100 global commodity and financial futures markets for trends and place long or short positions if the trading system identifies a trend in either direction.[1]

Marketing

Superfund promotes its funds by sponsoring cultural institutions like the Viennese Symphony Orchestra and the American Ballet Theatre, sports teams and personalities like Austrian soccer team Kapfenberger SV and World Cup overall champion alpine skier Bode Miller, and some other pop-culture events such as the Women's World Awards. Superfund also sponsored Partizan during their 2003/2004 UEFA Champions League campaign.

Superfund has been involved in auto racing, briefly sponsoring the Minardi team in Formula One and attempting to start its own formula racing series, which fell through. A team owned by Austrian driver Alexander Wurz and backed by Superfund has lodged an entry for the 2010 Formula One season.[2]

Superfund has advertised on CNBC.[3]

In June 2010, a statement from Superfund said the company will also discontinue most of its sport sponsoring activities. In October 2010 Christian Baha founder and owner of Superfund paid 2 million dollars for a cameo in "Wall Street: Money Never Sleeps" the sequel to the 1987 original "Wall Street", thanks to a friendship with director.[4] Baha counts Academy Award-winning director Oliver Stone among the clients of his Superfund. Christian Baha played a supporting role as a hedge fund chief enjoying a small speaking role.

Superfund changed its name in 2010 from Superfund Quadriga to Superfund Green. The name change was suspiciously timed with a loss of 49% in 2009 in an apparent attempt to re-brand a tarnished fund. Since 2009 Superfund Green A has lost more than 83% of its value. See their returns at http://www.superfundusa.com/HP11/Fonds_Performance.aspx?Menu=1&ISIN=US74731W2098&Top= It is a highly risky and expensive fund with not only high managements fees but most all brokers will charge exorbitant fees for holding the money losing Superfunds, for example Vanguard has refused to hold the stock and e-Trade charges $250/year just for mainatining the money losing Superfund.

References

  1. ↑ http://www.superfund.com/hp07/download/US/US_Prospectus.pdf
  2. ↑ Strang, Simon (2009-05-31). "Wurz set to lead Superfund into F1". autosport.com (Haymarket Publications). Retrieved 2009-05-31. 
  3. ↑ "Baha's Superfund Pitch Grabs Ranieri, Annoys Rivals (Update1)". Bloomberg. 2007-04-30. 
  4. ↑ Template:Laurence Fletcher

http://www.reuters.com/article/idUSSGE65D07P20100614

External links

For complaints with the SEC https://denebleo.sec.gov/TCRExternal/questionaire.xhtml

This article is issued from Wikipedia. The text is available under the Creative Commons Attribution/Share Alike; additional terms may apply for the media files.