Superfund Group
The Superfund Asset Management GmbH (formerly Quadriga Beteiligungs and assets AG) is a so-called managed futures fund, which is different than in the U.S. counted in Europe to the group of hedge funds and subsidiaries in Europe, America and Asia.
History
Founded as the " Quadriga Beteiligungs - AG and assets " in Vienna in 1995 by the former policeman Christian Baha and studied electrical engineer Christian Halper. The renaming of " Quadriga " in " Superfund " was made in 2003. In March 2011, Christian Baha Superfund took over all shares of Christian Halper and announced the withdrawal of Halper from the daily business. However Halper remains as Christian Baha one of the largest investors of the Superfund fund.
Business Model
The main selling point is the historical returns achieved by the Fund. In the period from the founding of 1996-2013 the " Superfund Q -AG " Fund reached by its own account a return of 479 percent. From early 2004 until the end of 2008, a further price increase could be achieved. The fund moves in significant market fluctuations sometimes only sideways. The products achieved a significantly positive performance in extremely negative stock market phases such as 2001, 2002 and 2008, due to the fact that these so-called managed futures funds have a very low correlation to bond and equity markets.
Since 2005 - in addition to the managed futures trend following strategy - a " Superfund Blue" traded -called equity strategy.
In March 2013, the third Superfund strategy was launched with " Superfund Red". This short-term managed futures strategy holds positions for a few days and is thus independent of general market trends and politically influenced generate absolute returns markets. Page edition on March 8, 2013 to December 19, 2013 reached EUR SICAV Superfund Red appreciation of 6.3 %.
Investment decisions are at Superfund precipitated by an automated computerized trading system. This results in Superfund differs according to his own statement of other hedge funds, where fund managers or bodies that determine the investment policy.
Superfund is particularly aimed at private customers. According to information currently around 1.25 billion U.S. dollars ( 880 million euros ) managed by private and institutional investors worldwide.
Criticism
General critical of the fact is seen in the Superfund funds, that this is no restriction for the investment properties and as such investors' money may invest in any of claims to 100 financial and commodity markets ( stock markets, bond markets, currency markets, money market securities, commodity markets). In this respect, the risk is difficult to predict for the customer.
Particularly critical is the cost of financial products, the low performance between 2003 and 2009, and the underlying lack of transparency of the business concept ( "Black Box") are seen.