37 Facts About Roy Niederhoffer

Roy Gary Niederhoffer was born on 1966 and is an American hedge fund manager.

Roy Niederhoffer developed his strategy after tracking and analyzing short-term trading patterns.

Roy Niederhoffer wrote the original source code to test and run his complicated, high-frequency, automatic-trading strategy in over 50 financial and commodity markets in developed countries.

Roy Niederhoffer's company uses quantitative analysis to decide upon its investments, obtaining external research to complement its own in-house research.

Roy Niederhoffer is of the view that movements in stock, currency, and commodity prices lead to patterns of short-term investor responses that can be anticipated.

Roy Niederhoffer created the Niederhoffer Foundation, which is active in music education, Jewish causes, and delivering aid to the needy.

Roy Niederhoffer serves as chairman of the board of directors of The Harmony Program, which provides daily music lessons and free musical instruments to over 200 New York City Public School and Long Island students in under-served areas, and the Concert Artists Guild.

Roy Niederhoffer has served on the board of the Kaufman Center.

Roy Niederhoffer is a violinist with and founding member of the Park Avenue Chamber Symphony.

Roy Niederhoffer was the Executive Producer of The Flying Karamazov Brothers, which played Off-Broadway in 2010 and in London's West End in 2011.

Roy Niederhoffer was born and raised in Great Neck, New York.

Roy Niederhoffer's father served in the New York City Police Department for 21 years, and then taught as a professor of sociology at John Jay College of Criminal Justice for 14 years.

Roy Niederhoffer's father taught at Hofstra University, Brooklyn College, New York University, Queens College, and the New York City Police Academy, authored several books on the police and criminology including Behind the Shield, The Ambivalent Force, The Gang, and The Police Family: From Station House to Ranch House, and was awarded the President's Medal of John Jay College for his achievements in criminal justice.

Roy Niederhoffer's mother, Elaine Niederhoffer, was an English teacher, author, and editor who had descended from a long line of rabbis.

Roy Niederhoffer has a brother, Victor Niederhoffer, a hedge fund manager and former five-time United States squash singles champion.

Roy Niederhoffer has a sister, Dr Diane Niederhoffer Klein, a clinical psychologist.

Roy Niederhoffer is the uncle of director and author Galt Niederhoffer.

Roy Niederhoffer is married to Jenny Niederhoffer, and the family lives in Manhattan.

Roy Niederhoffer attended Great Neck South High School, where he was co-editor of the school paper, The Southerner.

Roy Niederhoffer then attended Harvard College, where as a freshman he was interested in biology, psychology, and social relations.

Roy Niederhoffer then opened R G Niederhoffer Capital Management, Inc, a hedge fund known as a managed futures fund or commodity futures trading company.

Roy Niederhoffer began trading in July 1993, investing as a contrarian in major financial and commodity markets.

Roy Niederhoffer uses quantitative analysis to decide upon its investments, obtaining external research to complement its own in-house research.

Roy Niederhoffer added individual stocks to his portfolio, from the 800 most-liquid US and European stocks.

Roy Niederhoffer developed his strategy after tracking and analyzing short-term trading patterns.

Roy Niederhoffer wrote the original source code to test and run his complicated, high-frequency, automatic-trading strategy in over 50 financial and commodity markets in developed countries.

Roy Niederhoffer is of the view that movements in stock, currency, and commodity prices lead to patterns of short-term investor responses that can be anticipated.

Roy Niederhoffer's computerized trading models are based on a belief in the presence of cognitive biases in the human brain, which in his view cause investors and the models they create to behave predictably.

Roy Niederhoffer believes that other short-term investors generally engage in certain predictable behavior: they overemphasize recent experience when they make decisions, they hate to lose even more than they love to win, their behavior becomes increasingly predictable as markets become more volatile, and when the investors are emotional they engage in herd-like behavior and sell stocks when they are at their lowest level and buy stocks when they are at their highest level.

Roy Niederhoffer's program seeks to decrease its risk when the amount it could lose goes past certain thresholds, and his firm's risk management committee can override the program to reduce risk when it feels it is appropriate, at times by buying options.

Roy Niederhoffer, who began training to play the violin at the age of four, is a violinist with and founding member of the Park Avenue Chamber Symphony, and has performed with the symphony in Carnegie Hall, Avery Fisher Hall, and Alice Tully Hall.

Roy Niederhoffer is a former chairman of the board of the New York City Opera, which presents opera at the Rose Theater at Jazz at Lincoln Center and other venues around New York City.

Roy Niederhoffer was a board member of the NYCO when the company filed for bankruptcy in October 2013.

Roy Niederhoffer resigned from the NYCO Board in February 2019 for personal reasons, to focus on his growing business and young family.

Roy Niederhoffer serves as chairman of the board of directors of The Harmony Program, which provides daily music lessons and free musical instruments to over 200 New York City Public School and Long Island students in under-served areas, and the Concert Artists Guild.

Roy Niederhoffer has been on the board of the Kaufman Center, and created the Niederhoffer Foundation, which is active in music education, Jewish causes, and providing aid to the needy.

In October 2015, Roy Niederhoffer was presented with the Johanna and Leslie Garfield Award for Arts Philanthropy at the New York Youth Symphony's 53rd Annual Benefit Gala.