Niederhoffer Capital Up 28%, Short Gold Pays Off

R. G. Niederhoffer Capital’s flagship Diversified Program with $527 million under management is up 27.7 percent for the year through May. The Niederhoffer Capital fund was up 5.6 percent in April but detracted 0.7 percent in May, breaking the streak of positive returns the was maintained in the last six months. Other smaller allocations of R. G. Niederhoffer Capital, also called programs, have shown mixed performance. The most notable of them is Optimal Alpha Program with just $8 million under management, has returned 41 percent YTD. Interestingly the Optimal Alpha strategy boasts “Low correlation to equities/FOFs”, so managing an outsized return like this especially…