Fri, Apr 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Niederhoffer hedge funds report mixed returns in May

Wednesday, June 05, 2013

From Komfie Manalo, Opalesque Asia:

New York-based CTA R. G. Niederhoffer Capital Management reported mixed results in May with only two of its five programs posting positive gains. However, year to date, all R. G. Niederhoffer’s programs are still in the black.

According to May performance estimates obtained by Opalesque, the iHedge Program, with $5m in assets, was up 4.0% during the month (+12.8% YTD) and the Optimal Alpha Program with $8m in assets, was up 1.0% (+41.3% YTD) with an annualized return since 2004 inception at 2.9% in correlation to S&P 500 Index, HFRI Fund of Funds, MSCI AC World Index, and Nikkei 225 which were all flat at 0% during the month and the Index Newedge CTA which returned 0.1% during the period.

The firm’s biggest fund, the Diversified Program with $527m, which fell -0.7% last month (+27.7% YTD) and annualized return of 8.2%, since its 1995 inception ( in correlation to S&P 500 Index -0.2%, HFRI Fund of Funds -0.3%, Newedge CTA +0.2%, MSCI AC World Index -0.3%, and Nikkei 225 Index-0.2%); the Negative Correlation Program with $12m in assets, fell -1.6% (+10.0% YTD) and -3.0% annualized returns since its 2003 inception ( in correlation to S&P 500 Index -0.7%, HFRI Fund of Funds -0.6%, Newedge CTA -0.1%, MSCI AC World Index -0.6%, and Nikkei 225 Index-0.5%); and the Trend Hedge Program with $13m in assets also fell -5.0% in May (+2.5% YTD) with an annualized re......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance