Superfund to close Dubai branch

13 June 2010

Austrian hedge fund firm Superfund has confirmed that it is closing its branch at the Dubai International Financial Centre. The fund has come under financial pressure in the current market environment and was forced to cut costs and lay off staff, Superfund said in a statement. Offices in Singapore, Sydney, Sao Paulo, Liechtenstein and Monaco, which account for a third of its international branches, have also been shut down, it said.

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