Austrian Superfund applies to open the first hedging fund

"We applied to the Securities and Stock Exchange Commission (KPWiG) for permission to create a TFI," confirmed Maciej Brysławski, deputy president of Superfund TFI. At first, the company wants to create one fund, which would invest in foreign hedging funds. Brysławski refused to reveal any details of the firm's investment policy until it receives a license. Superfund is one of a number of smaller groups managing funds on the Austrian market. The company currently manages assets worth over EUR 1.5 billion and has 55,000 clients. Its investment strategy envisages achieving profits irrespectively of the situation on the market. The firm's main aim is to make hedging funds available to minor investors. So far this year two companies, Opera and Investors, received permission to create TFIs specializing in so-called alternative investments. (Parkiet, p. 1) A.F.