Superfund Capital Management has selected PFPC Worldwide Inc to provide a range of services to its managed futures fund.
PPFC, a member of The PNC Financial Services Group, will provide investor services, fund accounting and tax services to the Quadriga Superfund, LP, Series A and B.
Under the terms of the contract, PFPC will deliver comprehensive investor services to 3,500 accounts, including web-based reporting and the preparation and mailing of customized investor statements. In addition, the company will supply the required partnership accounting records, prepare balance sheets and statements of operation and determine net income, capital gains/losses and foreign exchange gains/losses. It will also provide tax services, such as the preparation of US tax reports and K-1 reports to investors.
"This contract is indicative of PFPC's ability to offer a host of sophisticated services within the alternative investment space," said Joan Kehoe, president, PFPC International. "In today's continually evolving marketplace, firms need a way to control costs while maintaining a competitive edge. By taking advantage of PFPC's personalized solutions, Superfund can accomplish this while retaining focus on their primary business of delivering superior returns for their clients."
Christian Baha, president, Superfund Capital Management and founder of the Superfund Group of companies, added: "We chose PFPC because they provide customized alternative investment services complemented by a comprehensive investor services offering. We know that with PFPC's robust process and controls in place, Superfund can deliver reliable service to our clients."
Background notes: The Superfund Group of companies manages approximately USD 2 billion in over 20 managed futures funds worldwide. Superfund, originally known as Quadriga, dates back to 1991 in Austria with the development of TradeCenter, a software system for the technical analysis of financial data. Within two years, TradeCenter became a leading provider of market delivery software in Austria. This success led to the development of The Quadriga Group of companies, specializing in managed futures funds, in 1995. Quadriga launched its first managed futures fund for private investors on 8 March 1996, with the Quadriga AG fund. In 2005, the Quadriga funds were globally unified under the umbrella brand name Superfund. The Superfund Group of companies is owned by Christian Baha & Christian Halper, and has more than 55,000 retail and institutional investor clients.
PFPC is a leading provider of processing, technology and business solutions to the global investment industry. With offices in the United States and Europe, PFPC supports a global client base, offering fund accounting and administration, transfer agency, custody and sub-accounting services for more than 59 million shareholders, representing over USD 1.8 trillion in total assets.
The PNC Financial Services Group is one of the nation's largest diversified financial services organizations providing consumer and business banking; specialized services for corporations and government entities including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.