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Opalesque Exclusive: R. G. Niederhoffer programm up 29.4%
R. G. Niederhoffer Capital Management, Inc., a $780 million, 15-year-old New York-based high frequency quantitative trading fund, finished 2007 with performance of +29.4% for its Diversified Program and +19.8% for the four-year-old Negative Correlation Fund.
Known for its substantial negative correlation to most hedge funds and equity indices, the firm turned in particularly good performance in the more challenging periods of 2007. The $455 million Negative Correlation Fund was the top performer of 174 funds in the Barclay’s Flash Report with a 12.5% return for November, and the firm also performed particularly well during February and during the extreme volatility of early August.
That fund, aimed at providing significant downside protection during periods of stock market volatility, has run a -0.6 historical correlation to the S&P 500, a -0.6 correlation to the HFRI Fund of Funds Index, and a -0.4 correlation to the Barclays CTA Index.
The firm’s $225 Million Diversified program is also seeing strong interest after turning in a 29.4% year, its best performance since a 60% return in 2000. Both funds trade individual stocks, foreign exchange, and equity, fixed income and commodity futures and apply a strategy based on company founder and president Roy G. Niederhoffer’s background in Computational Neuroscience.
“With volatility rising, we are seeing excellent opportunities across all sectors,” s...................... To view our full article Click here
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