The Other Niederhoffer Up 50% This Year

From the New York Times Nov 10, 2008:

"Roy Niederhoffer, founder of R. G. Niederhoffer Capital Management, whose more famous brother, Victor, made and then lost a fortune trading, is up more than 50 percent. To predict how investors will behave, Roy Niederhoffer, who majored in neuroscience at Harvard, delves into psychological research.

But Mr. Niederhoffer does not need much research to tell him that some investors chase winners. With his fund soaring, investors are piling on. His assets under management have climbed to $2 billion, from $700 million earlier this year. "

 

If Victor is selling put options, is Roy then buying them?

 

Coppering suckers' bets is an age old way of making money.