Roy Niederhoffer
| Roy Gary Niederhoffer | |
|---|---|
Investment Manager Roy G. Niederhoffer
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| Born | 1966 (age 50–51) Great Neck, New York |
| Residence | Manhattan, New York City |
| Nationality | American |
| Alma mater | Harvard College (BA in Computational Neuroscience, magna cum laude, 1987) |
| Occupation | Hedge fund manager and philanthropist |
| Years active | 1987-present |
| Employer | R. G. Niederhoffer Capital Management, Inc. (President) |
| Known for |
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| Home town | Great Neck, New York |
| Spouse(s) | Jenny Niederhoffer |
| Relatives | Hedge fund manager Victor Niederhoffer (brother) |
Roy Gary Niederhoffer (born 1966) is an American hedge fund manager and philanthropist. He graduated from Harvard College magna cum laude in 1987, with a BA in Computational Neuroscience (the study of how the brain processes information and makes decisions).
In 1993 he founded R. G. Niederhoffer Capital Management, Inc., (RGNCM), a hedge fund known as a managed futures fund or commodity futures trading company, and he serves as its President. The hedge fund invests in public equity, fixed income, currency, and commodity markets across the globe, as well as in derivatives including spot currencies, futures contracts, forward contracts, swaps, and options. From its inception in 1993 through May 2009, it had annualized returns of approximately 12%, over twice the average of the market (+60% in 2000, and +51% in 2008—when the S&P 500 was down 37%). From 1999 through March 2009, the firm's annualized gain exceeded 17%. In May 2009 Barrons reported that the fund ranked ninth in its survey of the top 100 hedge funds. His firm was noted for strong performance during the financial crisis of 2007–2010. As of April 2016, the fund had earned an annualized 18.73% since it was started. As of June 2016, the firm's assets under management were $900 million.
Niederhoffer uses an investment strategy known as short-term trading. He developed his strategy after tracking and analyzing short-term trading patterns. He wrote the original computer code to test and run his complicated, high-frequency, automatic-trading strategy in over 50 financial and commodity markets in developed countries. His company uses quantitative analysis to decide upon its investments, obtaining external research to complement its own in-house research. He is of the view that movements in stock, currency, and commodity prices lead to patterns of short-term investor responses that can be anticipated.
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