Tue, Mar 31, 2015
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

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner