Wednesday, 31 August 2016
Last updated 2 hours ago
Jul 31 2013 | 9:59am ET
R.G. Niederhoffer Capital Management capped an impressive first half by recouping its May loss, but the hedge fund is taking a big hit in July.
Niederhoffer's Diversified Program ended the first half up 28.8%, after a 2% June jump. But the fund is now mired in one of its worst months in over a year, burned by the market rally and low volatility, ValueWalk reports.
Things are so bad that Niederhoffer declined to provide an in-month update on the fund, as is its standard practice.
In June, the program posted profits on the Japanese yen, U.S. fixed-income and stocks and ultra-short-term strategies.