Friday, 19 December 2014
Last updated 1 hour ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.