Monday, 26 January 2015
Last updated 6 hours 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%.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…