Halper leaves Superfund
Christian Baha is the sole owner of Austrian fund provider Superfund after co-chief Christian Halpers departure.Weekly magazine News reports today (Thurs) that Halper withdrew to open a vegetarian restaurant in Vienna later this year. Halper may have received a three-digit million-Euro amount by Baha, according to Austrian business newspapers.Baha is understood to plan managing Superfund on his own from now. Reports however also have it that Halper will continue to act as a consultant.Superfund did not make a profit in 2010, according to Baha. The former police officer said the restructuring of Superfund was now complete after a difficult year 2009.”We reduced our staff number from 480 to 220,” he announced, adding that Superfund will do less sponsoring in the future.Daily newspaper WirtschaftsBlatt reported in November that Superfund was managing assets of around 880 million Euros, down from 1.5 billion Euros in 2005.Baha, who had a cameo role in Oliver Stones movie “Wall Street Money Never Sleeps”, previously cooperated with World Awards founder and organiser Georg Kindel. Baha and Kindel ended their business partnership last year after the latter failed to stage a Michael Jackson tribute concert in Vienna.Peter Urdl, a close friend of Arnold Schwarzenegger, recently said Baha invested “more than 100,000 Euros” into a planned museum dedicated to the actor and former governor of California.Organisers of the museum said last March that it would “probably open in June or July 2010” in the house where Schwarzenegger was born and raised in Thal, Styria.