Quadriga Offer Retail Hedge Funds in The US

by Carla Johnson, Investors Offshore, London

25 October 2002

Austrian-based Quadriga Investment Group announced yesterday that it is launching the Quadriga Superfund, L.P. offering American investors access to the hedge fund world with a minimum investment of only $5,000. The Quadriga Superfund offers two investment choices, both of which are modeled after the firm's highly successful European forerunners. Series A follows the performance/risk ratio of the company's flagship fund, the Quadriga AG, and Series B offers investors the potential for higher returns with a slightly higher risk profile.

Quadriga recently announced its highest quarterly performance figures to date for the third quarter of 2002. In the period beginning in July and ending in September, the Quadriga Beteiliguns- und Vermoegens AG increased by 37.8% while the GCT USD added 47.8%. In the same period, the Quadriga Superfund, exclusively for institutional investors, gained a record high 71.25%.

Quadriga said its hedge funds continued their outstanding performance through the month of September, with Quadriga AG gaining 11.94 %, Quadriga GCT USD gaining 9.01 % and the Quadriga Superfund gaining 21.55 %.

At the end of September, the Quadriga Investment Group had approximately 370m euros under management. Since beginning of 2002, managed investors’ capital has more than doubled. There are currently seven funds under management. Quadriga says that during the last several months, it was able to achieve above-average returns through short positions in stock indices and the US Dollar. Quadriga employs approximately 85 people and has offices in Vienna, Innsbruck, Frankfurt, Zurich, New York, Chicago, Hong Kong and Grenada.

Quadriga opened its first US office in Chicago in January, 2001, and the Hong Kong office followed earlier this year. The firm's managing director in Hong Kong, Eylon Cohen, said: "We dedicated six months to studying the markets in Asia. Quadriga's funds precisely meet the demands we determined. We are confident that we will soon develop a significant market position among retail hedge funds in Asia."

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