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Alternative Market Briefing

Strong January for Niederhoffer hedge funds

Thursday, February 07, 2013

Bailey McCann, Opalesque New York:

R. G. Niederhoffer Capital Management, a New York-based CTA is off to a strong start for 2013. According to a January performance estimates obtained by Opalesque, nearly all programs ended the month positively, making up for a rough end to 2012 felt by nearly all CTAs across the board. The Diversified Program reported gains of 8.4%; the Negative Correlation Program was up 4.9%; the Optimal Alpha Program was up 13.0%; the iHedge Program was up 1.9%, and the Trend Hedge Program ended down -0.6%.

The Diversified Program which was started in 1993 has approximately $472m in assets under management and is an offshore Ireland fund. The fund ended December positively as well, up 1.5% but ended 2012 overall down -22.4%.

The Negative Correlation Program started in November 2003, and has approximately $5m in assets under management, it ended december up 1.0% but ended 2012 down -28.5%.

The Optimal Alpha Program started in January 2004, and has approximately $6m in assets under management. The fund ended December positively up 3.4%, but ended 2012 down overall, -13.7%.

The Trend Hedge Program started in June 2006, and has approximately $13m in assets under management. The fund ended December down -0.5% and ended 2012 down overall -13.0%.

The iHedge Program started in August 2011, and has approximately $5m in assets under management. The fund ended December up 1.9% but ended 2012 down overall 10.2%.

Managed futures overall, lo......................

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