Superfund Green, L.P. Series A 03/2012

Superfund Green, L.P. Series A 03/2012
(formerly known as Quadriga Superfund, L.P.)
SUPERFUND GREEN, L.P. SERIES A ENDED THE ONE­MONTH PERIOD OF MARCH 2011 WITH A PERFORMANCE OF ­7.77 %
Superfund models produced disappointing returns in March as rapidly shifting macroeconomic factors led to trendless and choppy market conditions. The
US economic engine sustained momentum, adding another 227,000 jobs for its best six­month streak since May of 2006. Retail sales climbed 1.1%, the
most in five months, reflecting consumer confidence despite rising gas prices. The S&P 500 hit a four­year high as hedge funds bought stocks at the
fastest rate in two years. Casting a shadow over markets were signs China’s orchestrated soft landing has begun to take effect. Commodity­driven
economies such as Australia are feeling the effects of reduced base­metal demand. Meanwhile, euro­zone GDP unexpectedly contracted as the region
struggles to contain its debt crisis. The US Federal Reserve optimistically revised its economic outlook before Chairman Bernanke revealed concerns over
the long­term unemployed. Crude oil declined as the impact of Iranian tensions receded when compared to slowing global demand and ample supplies.
Our short­term strategies produced mixed to slightly negative results.
Superfund Green, L.P. Series A Historical NAV Index Inception: 11/01/2002, NAV/Unit at Inception: 1,000.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2002 1,000.00 964.06 1,095.62 9.56 %
2003 1,220.25 1,366.74 1,091.75 1,097.34 1,262.34 1,156.71 1,055.27 1,078.09 1,079.38 1,122.43 1,102.79 1,317.23 20.23 %
2004 1,349.63 1,520.39 1,488.43 1,277.14 1,369.16 1,210.02 1,208.13 1,125.48 1,242.96 1,303.61 1,463.89 1,466.67 11.35 %
2005 1,321.97 1,345.51 1,428.28 1,253.71 1,257.46 1,288.17 1,251.48 1,322.67 1,329.46 1,224.10 1,332.00 1,328.33 ­9.43 %
2006 1,419.62 1,367.68 1,428.89 1,511.57 1,397.12 1,392.48 1,248.37 1,253.10 1,293.20 1,364.68 1,347.16 1,500.20 12.94 %
2007 1,453.90 1,344.33 1,227.00 1,325.05 1,356.77 1,449.60 1,351.29 1,307.13 1,379.93 1,516.88 1,445.68 1,486.44 ­0.92 %
2008 1,445.88 1,705.18 1,744.21 1,716.85 1,806.35 1,945.95 1,758.12 1,676.53 1,675.30 1,879.55 1,907.21 1,932.30 30.00 %
2009 1,939.15 1,939.87 1,894.62 1,763.52 1,551.44 1,514.39 1,395.29 1,444.35 1,484.92 1,312.64 1,495.46 1,354.49 ­29.90 %
2010 1,227.43 1,245.67 1,425.15 1,490.54 1,294.62 1,290.29 1,257.40 1,309.53 1,369.17 1,447.26 1,408.07 1,550.72 14.49 %
2011 1,485.27 1,546.12 1,536.92 1,679.89 1,531.34 1,500.62 1,583.91 1,582.54 1,538.01 1,417.51 1,374.37 1,306.48 ­15.75 %
2012 1,303.85 1,316.24 1,214.02 ­7.08 % (3 mos.)
Superfund Green, L.P. Series A Historical Monthly Performance
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2002 0.00 % ­3.59 % 13.65 % 9.56 %
2003 11.38 % 12.00 % ­20.12 % 0.51 % 15.04 % ­8.37 % ­8.77 % 2.16 % 0.12 % 3.99 % ­1.75 % 19.45 % 20.23 %
2004 2.46 % 12.65 % ­2.10 % ­14.20 % 7.21 % ­11.62 % ­0.16 % ­6.84 % 10.44 % 4.88 % 12.30 % 0.19 % 11.35 %
2005 ­9.87 % 1.78 % 6.15 % ­12.22 % 0.30 % 2.44 % ­2.85 % 5.69 % 0.51 % ­7.93 % 8.81 % ­0.28 % ­9.43 %
2006 6.87 % ­3.66 % 4.48 % 5.79 % ­7.57 % ­0.33 % ­10.35 % 0.38 % 3.20 % 5.53 % ­1.28 % 11.36 % 12.94 %
2007 ­3.09 % ­7.54 % ­8.73 % 7.99 % 2.39 % 6.84 % ­6.78 % ­3.27 % 5.57 % 9.92 % ­4.69 % 2.82 % ­0.92 %
2008 ­2.73 % 17.93 % 2.29 % ­1.57 % 5.21 % 7.73 % ­9.65 % ­4.64 % ­0.07 % 12.19 % 1.47 % 1.32 % 30.00 %
2009 0.35 % 0.04 % ­2.33 % ­6.92 % ­12.03 % ­2.39 % ­7.86 % 3.52 % 2.81 % ­11.60 % 13.93 % ­9.43 % ­29.90 %
2010 ­9.38 % 1.49 % 14.41 % 4.59 % ­13.14 % ­0.33 % ­2.55 % 4.15 % 4.55 % 5.70 % ­2.71 % 10.13 % 14.49 %
2011 ­4.22 % 4.10 % ­0.60 % 9.30 % ­8.84 % ­2.01 % 5.55 % ­0.09 % ­2.81 % ­7.83 % ­3.04 % ­4.94 % ­15.75 %
2012 ­0.20 % 0.95 % ­7.77 % ­7.08 % (3 mos.)
Performance results are net of all fees and expenses.
Superfund Green, L.P. Series A
NAV/Unit ($)
NAV/Unit performance since inception ­ 11/01/2002
The performance information above is presented as a logarithmic chart as
opposed to a linear chart. Whereas each point on the Y axis of a linear chart
represents an equal absolute change, on a logarithmic chart, each point on
the Y axis represents an equal percentage change.
The above chart is only an indication of the variety of markets traded or that
may be traded by Superfund and is not indicative of relative allocations
among these markets.
Fund Facts
Auditor: Deloitte & Touche, LLP
Legal Advisor
to General Partner: Sidley Austin LLP
Clearing Brokers: ADM Investor Services, Inc.,
Barclays Capital Inc. and Rosenthal Collins Group, L.L.C.
RETURN Statistics (as of 03/31/2012)
Cumulative performance since inception 21.40 %
Annualized performance 2.08 %
YTD ­7.08 %
One year rolling ­21.01 %
Three year rolling ­35.92 %
Five year rolling ­1.06 %
RISK Statistics (as of 03/31/2012)
Annual standard deviation 26.17 %
Maximum drawdown 37.61 %
Typical margin to equity 20 %
Max. initial risk per trade 1.00 %
EFFICIENCY Statistics (as of 03/31/2012)
Sharpe ratio ** 0.08
Sortino ratio ** 0.13
Correlation to S&P 500 0.05
Correlation to CASAM CISDM CTA equal weighted 0.80
** modified (risk free rate = 0%)
PAST PERFORMANCE IS NOT INDICATIVE
OF FUTURE RESULTS.
Performance is expected to be volatile;
the net asset value per unit may fluctuate
significantly in a single month.
There is no secondary market for the
investment offering and redemptions are
only limited to certain periods.
Substantial expenses must be offset by
trading profits and interest income for
each series to be profitable.
Please read the additional risk factors
associated with an investment in
Superfund Green, L.P. Series A as
described on page 2 of this document.
Superfund USA, Inc., selling agent,
member FINRA, www.finra.org

Annualized performance is a metric of a twelve­month mean that calculates the same rate of return for each twelve­month period to reach the
equivalent rate of return reflected in cumulative performance since inception data.
Annual standard deviation is a measurement of an investment’s volatility. The higher the percentage, the more likely an investment experiences
swings between gains and/or losses.
The CASAM CISDM CTA equal weighted is a hedge fund index that reflects the average performance of Commodity Trading Advisors (CTAs). To
be included in the equally weighted index, a CTA must have at least $500,000 under management and at least a 12­month track record. This
index is used to provide a better understanding of how Superfund Green, L.P. performs against an average of other funds in this asset class.
CBOT is the Chicago Board of Trade. An exchange where grain, gold, and Treasury Bond futures and options are traded.
Correlation describes the relationship between two variables. A positive correlation of 1 describes two variables that develop almost
simultaneously. A correlation close to zero shows variables that have little to no influence on each other. A correlation of ­1 shows an inverse
relationship between two variables. As one variable increases, the other variable decreases.
Nymex Gasoline, or New York Harbor RBOB Gasoline (Physical) futures, are an outright gasoline contract between a buyer and a seller. The
contract is based on the largest single volume refined product sold in the United States, gasoline, which accounts for almost half of national oil
consumption. The contract trades in a highly diverse market, with hundreds of wholesale distributors and thousands of retail outlets, resulting
in intense competition and price volatility.
Maximum drawdown is the greatest cumulative percentage decline in month­end net asset value due to losses sustained by the Series during
any period in which the initial month­end net asset value is not equaled or exceeded by a subsequent month­end net asset value.
Maximum initial risk refers to percentage of assets under management that will initially be invested in any one futures position or contract.
The S&P 500 is one of the most commonly used benchmarks for the overall U.S. stock market. It is an index consisting of 500 stocks chosen for
market size, liquidity and industry grouping, among other factors. The S&P 500 Index represents the price trend movements of the common
stock of major U.S. public companies.
The Sharpe Ratio is a formula used to measure riskadjusted performance. The Sharpe Ratio is calculated by subtracting the riskfree rate, the
theoretical rate of return on an investment with zero risk, from the rate of return for a portfolio and dividing the result by the standard
deviation of the portfolio.
The Sortino Ratio measures the riskadjusted return of an investment portfolio or strategy. The formula is the portfolio's realized return minus
the target rate of return divided by downside risk.
Risks
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Performance is expected to be volatile; the net asset value per unit may fluctuate significantly in a single month.
­ Superfund Capital Management, Inc. is the sole trading advisor for the fund. The use of a single advisor could mean a lack of diversification
and, consequently, higher risk.
­ An investment in Superfund Green L.P. Series A or B involves substantial risk and may result in the complete loss of principal invested.
­ This document constitutes neither an offer to sell nor a solicitation to invest. Such offer or solicitation will be made only in those jurisdictions
where permitted by law and will be preceded or accompanied by a current Prospectus and the latest audited report.
­ Each series is speculative and is highly leveraged. As a result of leveraging a small movement in the price of a contract can cause major losses.
We will monitor the leverage of each Series regularly, but it is not limited by the amount of leverage it may employ.
­ Redemption requests may be denied if the fund's advisor, Superfund Capital Management, Inc., determines that transfer may result in adverse
legal or tax consequences for the fund.
­ Superfund Green, L.P. is not a regulated investment company (or mutual fund).
­ Please consult the most recent Superfund Green, L.P. prospectus to learn about the tax treatment of ownership of shares in the series and any
potential adverse tax consequences.