1. Victor Niederhoffer was born on December 10,1943 and is an American hedge fund manager, champion squash player, bestselling author and statistician.
22 Facts About Victor Niederhoffer
1. 2.
Victor Niederhoffer 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.
3.
Victor Niederhoffer's mother, Elaine Niederhoffer, was an English teacher, author, and editor who had descended from a long line of rabbis.
4.
Victor Niederhoffer was a finance professor at the University of California, Berkeley.
5.
Victor Niederhoffer pioneered a mass marketing approach in investment banking and did a large volume of small deals at this firm.
6.
Victor Niederhoffer bought many privately held firms with Dan Grossman, his partner during this period.
7.
Victor Niederhoffer became a partner of Soros and managed all of the fixed income and foreign exchange from 1982 to 1990.
8.
Soros said in The Alchemy of Finance that Victor Niederhoffer was the only one of his managers who retired voluntarily from trading for him while still ahead.
9.
Victor Niederhoffer used innovative methods to search for opportunities in stock markets, such as his paper The Analysis of World Events and Stock Prices, which used the font size of news print to determine the relative importance of news events and measure how they affected the stock market.
10.
Victor Niederhoffer left academia in 1972 to concentrate fully on his business activities.
11.
In 1997, Victor Niederhoffer published a New York Times bestselling book, The Education of a Speculator.
12.
In 1997, Victor Niederhoffer Investments was not finding many opportunities for investments and, having returned much of its funds to customers such as George Soros, began investing the remaining 100 million dollars in areas where Victor Niederhoffer later admitted that he did not have much expertise.
13.
Victor Niederhoffer decided to sell put options on Thai bank stocks to collect premium, which had fallen heavily in the Asian financial crisis, his bet being that the Thai government would not allow these companies to go out of business.
14.
Victor Niederhoffer began managing money for offshore clients in February 2002, with the Matador Fund.
15.
Victor Niederhoffer employs proprietary computer programs that purports to predict short-term moves using multivariate time series analysis.
16.
However, Victor Niederhoffer's funds were caught up in the 2007 subprime mortgage financial crisis, and the Matador Fund was closed in September 2007 after a decline in value of more than seventy-five percent.
17.
From 2000 to 2003, Victor Niederhoffer co-wrote with financial writer Laurel Kenner a weekly column on the markets for CNBC MoneyCentral.
18.
Victor Niederhoffer was a winning hardball squash player and is a member of the squash hall of fame.
19.
Victor Niederhoffer had never played squash when he entered Harvard University in 1960, but he had played other racquet sports.
20.
Victor Niederhoffer won the US Nationals five times.
21.
Victor Niederhoffer is the founder of the NYC Junto, a libertarian group that was hosted on the first Thursday of every month from 1985 to 2017.
22.
Victor Niederhoffer is an enthusiast of Ayn Rand, and named two of his daughters Galt and Rand.