Ok, I got it now Niederhoffer lost 28.57% in May. My guess is it is much worse this month, unless he went on vacation. Ouch.:eek:
Where did you get this info? Sounds like he is blowing up again. Even if he doesn't lose 100%, why stay in business when you have a high water mark and have to make 40% before you get your performance fees?
Here is an article about Victor, I got the URL from his website. http://dailyspeculations.com/REEDUCATION.pdf This is older stuff, but it is mentioned that the Matador fund had big DDs previously: (performance chart on page 6) 1. 2002 July: 30% 2. 2005 Apr: 15% 3. 2005 Oct: 15%
I was hoping marketsurfer would be my source, but he seems to be avoiding his feelings on this issue. My source is http://www.barclaygrp.com/
I used to see his performance thru the Barclay's Managed Funds Report. If you notice, they have a link to that on the site. Essentially, a subscription service.