Hedge Funds

Niederhoffer pays homage to oak trees


Hedge fund manager Victor Niederhoffer thinks investors can learn a lot by studying oak trees. In a recent letter to investors, Niederhoffer explains that his recent analysis of the historical performance of OEX 100 index securities led him to the Bill Logan book, The Oak, the Frame of Civilization, which outlines the role of the mighty oak in history as both a raw-material source for shipbuilding as well as a food source that provided early hunter-gatherers with a steady diet of acorns during periods of famine. Niederhoffer also says the trees serve as a strong symbol of successful