Quote from Maverick74:
Quadriga is holding on to their yearly gains. Still up 45% net of fees. Their gold fund recovered some, up 30% net of fees.
I thought this fund was done? Weren't some ET'ers saying this fund was going to implode? 
Sure, without the fee structure it would have been a "little bit" better :
Charges to Each Series
Each Seriesâ charges are substantial and must be offset by trading gains and interest income in order to avoid
depletion of each Seriesâ assets.
Superfund Capital Management
⢠1.85% annual management fee (1⁄12 of 1.85% payable monthly) for each Series.
⢠25% of new appreciation in each Seriesâ net assets computed on a monthly basis and excluding interest
income and as adjusted for subscriptions and redemptions.
⢠Up to 1% of net assets in each Series per year (up to 1⁄12 of 1% payable monthly) for organization and offering
expenses in connection with this offering, not to exceed the amount of actual expenses incurred. These
expenses are estimated at approximately $1,682,634 over the life of this offering (approximately $780,000 in
connection with the offer of Units pursuant to this Prospectus).
⢠0.15% of net assets in each Series per year (1⁄12 of 0.15% payable monthly) for operating expenses such as
legal, auditing, administration, printing and postage, not to exceed the amount of actual expense incurred.
Selling Agents and Others
⢠An annual selling commission will be paid to Superfund Asset Management, an affiliate of Superfund
Capital Management. The Units pay a commission of 4% of the month-end net asset value per Unit (1⁄12 of 4%
per month) in the initial year after purchase. The Units pay additional selling commissions of 4% per annum
of the month-end net asset value per Unit thereafter. Each Series and Superfund Asset Management may
retain additional selling agents to assist with the placement of the Units. Superfund Asset Management will
pay all or a portion of the selling commission described above which it receives in respect of the Units sold
by the additional selling agents to the additional selling agents effecting the sales. If the selling commission
paid in the initial year after purchase is less than 4% of proceeds due to a decrease in the net asset value per
Unit, the maximum additional selling commissions paid will exceed 6% of the proceeds. If the selling
commission paid in the initial year after purchase is more than 4% of the proceeds due to an increase in the
net asset value per Unit, the maximum additional selling commissions paid will be less than 6% of the
proceeds. In either case, the maximum cumulative selling commission per Unit sold pursuant to this
Prospectus is 10% of the initial public offering price for such Unit (which is equal to approximately
$48,606,044 out of the approximately $486,060,442 in Units offered pursuant to this Prospectus).
⢠If you participate in a registered investment adviserâs asset-based fee or fixed fee advisory program and your
investment adviser recommends a portfolio allocation to the Fund, your Units purchased through Superfund
Asset Management will not be subject to the selling commissions described above.
⢠$25.00 per round-turn transaction plus applicable National Futures Association (âNFAâ) and exchange fees
for brokerage commissions, where brokerage commissions are charged in U.S. dollars, a portion of which
will be paid to the clearing brokers for execution and clearing costs and the balance of which will be paid to
Superfund Asset Management which serves as introducing broker for each Series. Brokerage commissions
for certain foreign futures contracts to be traded by the Fund are charged in currencies other than the
U.S. dollar. Commission rates for brokerage commissions charged in foreign currencies will be reset on the
first day of each calendar month to the foreign currency equivalent of $25.00 based on the then current
U.S. dollar exchange rate for the applicable foreign currencies. Daily fluctuations in foreign currency
exchange rates will, however, cause the actual commissions charged to the Fund for certain foreign futures
contracts to be more or less than $25.00.
⢠âBid-askâ spreads for off-exchange contracts.
⢠There are no penalties or charges applied upon the redemption of Units.
