Niederhoffer rebounds


Roy G. Niederhoffer mounted a comeback in April, seeing a gain of about 5.2% for the month. Sustained trending across a number of markets helped in April in contrast to a tougher time in the first quarter, marked by sharp reversals that hurt many CTAs and macro traders alike. But even after the bounce, the Roy G. Niederhoffer (Ireland) plc Fund 2 remained off by a mild 2.4% over last 3 months.

Similarly, CTAs Richard Whited and John Pullman at Quickpool took advantage of some strong trending in April markets to post a return of 2.4% for their strategy.