Quadriga Funds Make Money in Turbulent Times.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 10, 2002 The turbulent markets of 2001 forced the Standard & Poor's 500 Index to finish the year down 13 percent and the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on to slide 7.1 percent, but there was a place where people invested their money and saw double-digits returns, Quadriga quad·ri·ga n. pl. quad·ri·gae A two-wheeled chariot drawn by four horses abreast. [Latin quadr  ga, sing. Asset Management. "World markets were tough this year, but we did well because our proprietary trading Proprietary Trading When a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than commissions from processing trades. system was designed to specifically weather all kinds of market conditions, to anticipate trends and to capitalizes on those plays," said Christian Baha, chief executive of Quadriga Asset Management. "At the same time, our system uses strict risk controls to maintain capital when markets sink and become unpredictable." Quadriga started the year with its three established funds and $40 million in assets, but finished the year by adding two new funds and increasing assets to nearly $150 million. The new Quadriga LP fund, which opened to U.S. investors this year, finished 2001 up 16.03 percent. The high octane Superfund, which targets offshore investors, capped off the year up 37.3 percent. Quadriga AG, the flagship fund, ended the year up 18.82 percent and added $41.2 million to its assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Quadriga Global Consolidated Trust fund finished 2001 up 42.56 percent and Quadriga Hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" capped off the year up 24.58 percent. Quadriga is confident it will meet the goal of managing $500 million in assets within the next 12 months and will be launching more new products for U.S. investors later this year. Company profile: Quadriga's origin dates back to 1991 when Baha and his partner, Christian Halper, developed a technical analysis program for Austrian clients. That program quickly lead to the formation of two companies, TeleTrader and Quadriga's flagship fund Quadriga AG. TeleTrader is listed at the Austrian Stock Exchange See Wiener Börse. and develops financial software for companies around the world. Baha and Halper developed the proprietary trading model used by all the funds. Quadriga also utilizes TeleTrader's group of 50 software developers in its trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. . That system has consistently produced double-digit returns. The funds are invested in more than 100 markets around the world and 1200 U.S. equities. Quadriga is confident 2002 will be another successful year of growth as plans unfold to offer U.S. investors more new investment products. |
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