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Superfund Group Aims To Be Middle East's Top Managed Futures Firm From New Dubai HQ

by Lorys Charalambous, Tax-News.com, Cyprus

22 February 2006

The Superfund Investment Group, one of the world’s leading managed futures fund provider, with more than 50,000 clients, will open its first office in the Middle East in the Dubai International Financial Centre (DIFC), having received its license from the Dubai Financial Services Authority (DFSA) to operate as an authorized firm.

“Dubai has recently become one of the most attractive financial centres of the world," stated Christian Baha, the founder of the Superfund Investment Group.

"The Middle East is extremely important for the capital market, particularly for managed futures funds. We are pleased to work together with the Dubai International Financial Centre, a significant partner which has already created a centre for the entire capital market in the Middle East. We are planning to implement numerous activities for the whole region out of Dubai," Mr Baha added.

Superfund says that it intends to offer investment products to institutional and private investors throughout the Middle Eastern region.

Welcoming the latest in a string of financial services and investment firms to register in the DIFC, Dr. Omar Bin Sulaiman, Director General of DIFC Authority, noted that: "We aim to continue diversifying our portfolio of companies and offer the entire range of financial services all under one roof."

The new Middle Eastern headquarters in Dubai means that Superfund Investment Group now has offices in 14 countries around the world, among them major financial centres such as New York, Chicago, Frankfurt, Tokyo, Hong Kong, Monaco and Liechtenstein.

Since its foundation in Vienna in 1996, the investment group’s flagship fund, Superfund Q-AG has achieved a net return of 514.6% and is one of the top-performing managed futures funds worldwide.

Bernd Kreuzinger, Superfund’s Head of Middle East states, says that the company has its sights on becoming a "market leader" in the region for managed futures.

“We are pleased to be able to market our products out of Dubai from now on. Providing information and service on the highest level for our Middle East clients will be one of our main focuses," Mr Kreuzinger noted.

"Creating awareness that every portfolio should include a managed futures fund for diversification reasons and becoming market leader in the region within a short period of time are our main goals," he added.

A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp

 

 






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