Quadriga IG's fund category changed

America's Securities and Exchange Commission (SEC) has asked Viennese investment managers Quadriga Investment Group to stop calling the Quadriga Superfund, a managed futures portfolio, a hedge fund because its minimum investment is too low to be considered a product for America's wealthy investors.

The SEC said Quadriga had not indicated the fund, launched to US investors last November and trading in about 100 futures market, would be named a hedge fund in its SEC registration documents.

The Qua