Current news for this fund:
Niederhoffer Matador Fund - US Equities (trading-centric)
Count of distinct funds: 1
Famed trader Niederhoffer has closed his company's Matador fund, after steep losses and withdrawals. We believe the fund managed a few hundred million dollars worth of assets, but have not received a specific figure. Here are some excerpts from the WSJ article on the implosion:
We are also unsure if other Niederhoffer funds were effected. If you have any additional information, please let us know.
An extensive background article on Niederhoffer is available here.
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Important: This fund is on our list of hedge funds that have "imploded" (see also ailing lenders). However, please note that "imploded" is a somewhat subjective. The "imploded" list contains hedge funds (or other unregulated and autonomous speculative investment funds) which have gone through some sort of permanent adverse change. This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid mark-downs in net asset value; or abnormal "bail-out" by corporate parents or peers in order to avoid write-downs and provide liquidity. The funds are of any type and sector.