R.G. Niederhoffer Launches Sixth Fund; Daily Liquidity For $10M

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.

 


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note