RG Niederhoffer Capital Down In July, Maintains Negative Correlation
R.G. Niederhoffer Capital Management had a rough summer, losing money across the board in July and continuing to struggle in August (all August and 2014 figures are est. through 08/28), according to the most recent client letter, but Niederhoffer points out that the funds continued to offer diversification protection and that its flagship Diversified Program was up 0.6% during the July 25 – August 6 correction that pulled the S&P 500 (INDEXSP:.INX) down 3.9%, which he thinks will only become more relevant as QE . . .
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