Quadriga Opens Hong Kong Office

by Mary Swire, Tax-News.com, Hong Kong

04 September 2002

Vienna-based Quadriga Investment Group, a hedge and managed futures fund operator, has opened its first Asian office in Hong Kong.

After achieving good results in both Europe and North America, Quadriga said it is eager to bring its investment products to Asian investors: "Asia is one of the fastest emerging hedge fund markets in the world. We are dedicated to become a major market participant," said Christian Baha, founder and CEO of the company.

The firm's managing director in Hong Kong, Eylon Cohen, added: "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."

Quadriga funds have received favourable critical comment in Europe; Lipper ranked Quadriga"s GCT USD Futures Fund the best yearly performer for the year ending 1 August, 2002. With returns of 39% year-to-date, the GCT continues to outperform some of the world"s leading hedge fund managers. Since market inception in January 2000 the GCT has achieved annual returns of 48% net of fees.

The firm's flagship fund, Quadriga AG, has achieved returns of nearly 30% net of fees since January 1997. Quadriga offers seven hedge and managed futures funds worldwide. The firm has 70 employees and currently manages approximately $300m in assets.

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