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Quadriga Hedge Funds Now Available To US Retail Investors

by Carla Johnson, Investors Offshore, London

02 December 2002


The Quadriga Investment Group has announced that units of up to $200 million in Quadriga Superfund L.P. Series A and Series B are now available, offering qualified American investors access to a managed futures fund with a minimum investment of only $5,000. Quadriga Superfund, L.P. Series A and Series B will trade a portfolio of approximately 100 futures markets and are modeled after the firm's highly successful European funds.

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 %.

As of the end of last week, however, Quadriga AG was reporting a loss of 7% in the previous month, leaving its gain since the beginning of 2000 at 72%.

At the end of September, the Quadriga Investment Group had approximately 370m euros under management. Quadriga employs approximately 85 people and has offices in Vienna, Innsbruck, Frankfurt, Zurich, New York, Chicago, Hong Kong and Grenada. Quadriga says that its funds have attracted well over 12,000 private investors in Europe, and claims to be leading the trend towards retail distribution of hedge funds, paralleling the development of mutual funds 25 years ago.

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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