Joined Nov 11, 2007
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Niederhoffer’s ‘black box’ Fund a Bust Since ’09

Roy Niederhoffer has been a hedge fund manager for almost 20 years — but the nerdy investor is probably just as well known in Manhattan social circles for his love of music.

A patron of the arts and an accomplished musician, the 46-year-old investor is scheduled to play violin next Saturday with the Park Avenue Chamber Symphony.

He might want to buff up his musical resumé — the hedge fund he is running hasn’t made a dime since 2008 when it had a spectacular 51 percent gain.

Since then, roughly $1.1 billion has been lost to poor investments.

Read the rest here.

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