Monday, 20 October 2014
Last updated 2 days ago
Aug 4 2006 | 12:00am ET
R.G. Niederhoffer Capital Management recently launched a hedge fund that utilizes a short-term, quantitative strategy to trade the 40 largest futures and currency markets, as well as the 800 largest U.S. and European stocks.
The R.J. Niederhoffer TrendHedge fund was launched June 1 and preliminary results show that it returned 12.6% in its first month, and was up 4.3% for July.
“It is a new strategy that is designed to provide protection in difficult times for global macro managers and CTA strategies,” said Sladja Carton, executive managing director at the New York-based firm. “It is primarily designed for funds-of-funds.”
The TrendHedge fund has approximately $50 million in assets under management, and according to Canton, because it invests in liquid asset classes, it has an extremely large capacity.
The minimum investment is $1 million for quarterly liquidity, and $10 million for daily liquidity. Fees are 2.75% for management and 24% for performance.
None of the investors in the new fund have yet signed on under the terms required for daily liquidity, though Canton said some of the firm’s other five funds offer this option, and there are investors who are taking advantage of it.
R.G. Niederhoffer Capital was founded in 1993 by Roy Niederhoffer, brother of well known futures and options trader Victor Niederhoffer. The firm has $420 million in assets under management in six different funds.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...