Superfund Seeks To Recover From Not-So-Super Year

May 6 2010 | 1:26pm ET

Superfund, the retail managed-futures fund, had a very tough 2009. But its bouncing back so far in 2010.

The fund, headed by Christian Baha, is up about 18% this year. But it still has a long way to go to make up for last year, when its C-share class shed 51.03%.

“2009 was very difficult for Superfund,” Baha told Reuters. “It was not funny but you have to get through such periods.”

“If you do long-term trend following, you can have a year like this every 20 to 30 years,” the Austrian added.

Superfund’s annual returns practically define volatile. In 2008, when most hedge funds plummeted by double-digits, the Superfund C class soared 74.18%. Since inception nine years ago, the share class is up 360%.

Superfund’s three share classes have US$1.24 billion in assets under management.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.