OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.
RSS Feed Print
Superfund: Closing offices but Baha still a playa (in movies, that is)
Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5780


Posted: 6/28/2010 7:43:05 AM

By: jurisper

The thing f/k/a Quadriga Superfund (n/k/a something else that I can't remember) is down 20% or so this year and is closing a bunch of offices: http://gulfnews.com/business/investment/superfund-confirms-exit-from-dubai-1.640203

as well as pulling out of Formula 1 sponsorship etc.

On the other hand, founder Christian Baha apparently has a part in "Wall Street 2", so I guess things aren't totally gloomy for him:

http://www.oe24.at/leute/kino/Filmdebuet-fuer-Superfund-Boss-Baha-Wallstreet-2-0721740.ece

A big down year following a big up year actually makes the thing look more real, FWIW.



Anonymous
Posted: Saturday, August 13, 2011

Posted: 6/28/2010 8:01:07 AM

By: jurisper

Performance for their A strategy US thing is actually down about 6% ytd, not 20%, and was down about 30% in 2009. The more leveraged B strategy thing looks worse.

Their previously-stellar Cayman fund has been awful: down 51% in 2009 and down 15% ytd.

A cynical person might wonder if this poor-but-plausible reported performance since the beginning of 2009 has anything to do with DM's highlighting of various features of the operation a while back.


 

Jump to different Forum... 

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

View Recent Digests

Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.