Friday, 28 October 2016
Last updated 22 min ago
Feb 27 2014 | 12:07pm ET
R.G. Niederhoffer Capital Management’s flagship hedge fund got off to a flying start last year, but was so badly battered in the second half that it failed to achieve a double-digit return.
The firm’s $472 million Diversified Program was up almost 30% in the first half, but ended 2013 up just 9.3%. Niederhoffer’s smaller Optimal Alpha Program returned 24.7%.
On the bright side for Niederhoffer, Diversified returned nearly as much last month as it did all of last year, rising 7.5%.