Elliot Marks, managing director of UK-based Quadriga Asset Management detailed recently the company’s plans to open an office in Chicago, thus expanding their reach to the US market, which in terms of investment and taxation, has traditionally been seen as one of the most comprehensively regulated and controlled countries in the world.
However, as Mr Marks stated: ‘There is no question that the US market is massive and must be tapped into.’ Quadriga plans to offer American citizens US-domiciled versions of their global macro and future hedge funds, and is considering opening a New York office in addition.
The organisation, as of December last year, had $52 million in assets under management, and despite a negative year in the stock markets their hedge funds were able to perform well. It is in keeping with this spirit of optimism and exploration of as yet untapped hedge fund markets around the world, that in addition to expansion to the US, Quadriga is also considering new offices in Australia and Asia at some point in the future. Plans for the development of a reinsurance arm are also underway, according to Marks.
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