Hedge Funds Performance

Performance profile: Fear factor lifts Niederhoffer

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It has been smooth sailing for R. G. Niederhoffer Capital Management's flagship and trend funds.

In July, Roy G. Niederhoffer Diversified (Offshore) Fund and Roy G. Niederhoffer Global Fund - which manage a combined $691 million and aim for zero to negative correlations to equity indices, hedge funds and CTA funds - returned a respective 8% and 7.8%. Year to date, the diversified fund has gained 23%, while its global counterpart has generated returns totaling 21%.

July's strongest performer was Roy G. Niederhoffer TrendHedge Fund, a quantitative rules-based strategy with trades lasting anywhere from a few seconds to a