Quant Fund Niederhoffer Profits From SVB Fallout Volatility [Exclusive]

R.G. Niederhoffer Capital Management had a positive March thanks to the collapse of Silicon Valley Bank and its peers. The New York-based quantitative hedge fund was able to capitalize on volatility in the face of a “dramatic shift in expectations” among traders concerning the direction and interest rates for the rest of the year. According to a copy of its March investor update, which ValueWalk has been able to review, the fund’s short-term long, volatility portfolio captured “some of the initial rally in fixed income” as fixed-income markets flipped overnight, particularly at the shorter end. The fund started the month…