MIAMI — April 7, 2026 — R. G. Niederhoffer Capital Management, a quantitative investment firm currently managing over $1 billion in assets, today reported gains of +27.4% in its flagship Macro Diversified program for the first quarter of 2026, including +13.8% in March, net of fees.
The result ranks among the strongest in the firm’s more than 30-year history and represents its best start to a year for its flagship since 2000.
The period was characterized by elevated volatility across commodities, interest rates, currencies and equities, with industry reports indicating challenging conditions for a range of hedge fund strategies.
Markets in 2026 have been driven by geopolitical tensions, rising energy prices, shifting monetary policy expectations and increased cross-asset volatility, highlighting differences in how hedge fund strategies respond to volatility.
Many hedge funds and longer-duration approaches had difficulty in March as markets experienced rapid reversals and cross-asset dislocations. By contrast, the Macro Diversified program focuses on quantitatively generated short-term investments lasting less than five days, including intraday.
“Periods of elevated volatility tend to amplify behavioral biases in market participants, and, paradoxically, can make markets more predictable for short periods,” said Roy G. Niederhoffer, Founder and President. “Even systematic strategies become more predictable at times like this.”
The firm reported that all its programs generated positive results during the quarter, including its Zero Beta program, which gained 23% net, and its SP50 Enhanced Index Replacement Program which gained 7% net amid declines for its benchmark large-cap equity indices.
Additional performance information, including longer-term results, is available upon request.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
About R. G. Niederhoffer Capital Management
Founded in 1993, R. G. Niederhoffer Capital Management is a Miami-based investment firm focused on short-term quantitative trading strategies across global futures, equities and foreign exchange markets. Its team consists of 24 professionals.
Important Disclosures
This press release is for informational purposes only and is not intended to, and does not, constitute an offer to sell or a solicitation of an offer to buy any securities, nor should it be relied upon as investment advice or a recommendation. Any such offer will be made only pursuant to formal offering documents and in accordance with applicable securities laws.
