Marhedge.com is reporting that the Matador Fund was a qualifer and eventually winner (according to Vic's website: http://www.matadorfund.com ) in their 2006 performance results rankings...CTA category. http://marhedge.com/performance/ny2006/default.asp However, Vic's new US fund, open to investors called Manchester Partners LLC, shows no CURRENT information on the http://www.hedgefund.net website. In other words, Vic has not sent the performance results monthly like he should. Hmmm...looks like the recent market meltdown has hit him once again.
Matador Capital Management has closed its doors and liquidated its hedge funds, according to HFM Week, citing sources... thankfully xx xxx xxxxxxx xx xx with Vic...
Matador Capital Management is not Victor Niederhoffer's shop. His is called Manchester Trading LLC and the fund under management is called Matador Fund Ltd.
Vic would have been hit hard using his naked PUT options selling strategy during the downturn from the mid 2000 to mid 2002 period. Just look at the 1 decade BIG CHARTS chart on SPX. He would not have survived that with his simple index options PUT selling strategy.
According to his site, his fund closed the year in the black, although there is no number given: http://www.dailyspeculations.com/wordpress/?p=1044 "Suffice it to say that Vic keeps a set of black and red pencils on his desk for reporting of profits and losses at the end of the year. No red pencils have been used for any account during the last 5 calendar years."
You hafta think that Vic, being Vic, would have "let slip" any super positive performance he had... But heck, he might have done great. Seems to have done well after the blowup.
Hey that's great, but looks like "Best 2006 CTA" was actually for 2005 performance? Unless I'm losing my mind, which is very possible. 2006 MARHedge Performance Awards Winners Announced --->>NEW YORK, April 7, 2006<<--- MARHedge, Allenbridge Hedgeinfo and Schmidt Research Partners announced the winners last night of the 2nd MARHedge Annual US Performance Awards (MAPAs). More than 300 fund managers, investors and industry participants honored the winners and finalists in 13 categories last night at a dinner and ceremony at the St. Regis Hotel in New York. Notable were repeat winners Ore Hill Partners LLC and Lucas Capital Management LLC, who took home honors this year in the Multistrategy and Long/Short Equity categories, respectively. Winners in new categories for the 2006 MAPAs included Manchester Trading LLC (CTA), Sprott Asset Management