Niederhoffer Slips In August After Disastrous July

Niederhoffer Capital was down 1.6 percent in August in the flagship strategy according to a shareholder letter obtained by ValueWalk. The Diversified Alpha Program manages $492 million and is now up 12.3 percent YTD after suffering major losses in the last couple of months that essentially wiped out half of its returns. Niederhoffer Capital was also down in two of its other programs; Negative Correlation was down 1.9 percent, whereas Optimal Alpha was down 2.5 percent in the same period. The only fund that was up in this period was iHedge Inflation, which gained 6 percent in August.