Niederhoffer Capital lost 1.9 percent in its flagship Diversified program which manages $534 million. However returns were up 2.9 percent in this month to June 21. After going through a losing period last year, Niederhoffer has recovered very well through the first half of this year with a +29.9 percent return.
Performance Drivers In May
Niederhoffer's investment approach benefits from bouts of high volatility and was therefore not as affected by the sudden selloffs as others were. As government bonds yields became the major market mover in the last few weeks, Niederhoffer's performance declined in European fixed income investments while profiting in JGBs and U.S. Treasuries. The fund was up in...
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