Niederhoffer returns with global macro fund


Victor Niederhoffer is back. The self-proclaimed "speculator", who after a stellar, if volatile, 20-year run, lost more money than he was managing during the Asian currency crisis of 1997, is getting ready to offer a new global macro fund.

Niederhoffer is still finalizing the details of his 2004 launch, but he's planning to use a team and strategy that he's quietly established over the last couple of years, running money as a sub-advisor for another fund group. The results bode well for his next venture.

At the beginning of 2002, Niederhoffer began running a feeder fund called Matador for