A Quant Who Won Big in the 2008 Crisis Is Back With a 45% Gain
- Volatility boosts Niederhoffer fund trading short-term trends
- Manager sees FX as next major arena for futures speculators
This article is for subscribers only.
The pandemic roller coaster is reviving the fortunes of a long-suffering quant trader who last won big in 2008.
After shedding assets amid lackluster returns through much of the decade’s stock bull run, Roy Niederhoffer’s Diversified Fund has gained 45% this year through September -- set for its best year since a 57% return notched in the global financial crisis.