Superfund Shuts Six Offices

Jun 14 2010 | 12:02pm ET

Retail hedge fund firm Superfund is cutting back after a difficult 2009.

The managed futures shop, which manages about US$1.24 billion, has shut six offices around the world and laid off staff to cut costs. Superfund blamed a tough business environment for the move.

The firm has closed its sales offices in Dubai, Liechtenstein, São Paolo, Brazil, Singapore and Sydney, Australia. In addition, it has shut an administrative office in Monaco.

The closures leave Superfund with offices in Amsterdam, Milan, Frankfurt, Warsaw, Zurich, Luxembourg, Montevideo, Tokyo, New York, Hong Kong and Vienna.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note