EXHIBIT NUMBER 5.01.(b)



OPINION OF HENDERSON & LYMAN



[HENDERSON & LYMAN LETTERHEAD]



January 21, 2005



Quadriga Superfund, L.P. Series A and Series B
Le Marquis Complex, Unit 5, P.O. Box 1479
Grand Anse, St. George's
Grenada, West Indies



RE: RE: QUADRIGA SUPERFUND, L.P. SERIES A AND SERIES B UNITS OF LIMITED
PARTNERSHIP INTEREST



Ladies and Gentlemen:



         We have acted as your counsel in connection with the preparation and
filing with the Securities and Exchange Commission (the "Commission") under the
Securities Act of 1933, as amended (the "Act"), of Post-Effective Amendment No.
6 to the Registration Statement on Form S-1 on or about the date hereof, as the
same may be amended from time to time (the "Registration Statement"), relating
to Units of Limited Partnership Interest ("Units") of Quadriga Superfund, L.P.
(the "Partnership"), a limited Partnership organized under the Delaware Revised
Uniform Limited Partnership Act. We have reviewed such data, documents,
questions of law and fact and other matters as we have deemed pertinent for the
purpose of this opinion. Based upon the foregoing, we hereby confirm our opinion
expressed under the caption "Federal Income Tax Aspects" in the Prospectus (the
"Prospectus") constituting a part of the Registration Statement that the
Partnership will be taxed as a partnership for federal income tax purposes. We
also advise you that in our opinion, the description set forth under the caption
" Federal Income Tax Aspects" in the Prospectus correctly describes (subject to
the uncertainties referred to therein) the material considerations of the
federal income tax treatment to a United States individual taxpayer, as of the
date hereof, of an investment in the Partnership. We hereby consent to the
filing of this opinion as an Exhibit to the Registration Statement and all
references to our firm included in or made a part of the Registration Statement.
In giving such consent, we do not thereby admit that we are in the category of
persons whose consent is required under Section 7 of the Act or the rules and
regulations of the Commission thereunder.



Very truly yours,



HENDERSON & LYMAN