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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...