RG Niederhoffer launches negative correlation fund

The new fund uses spot and forward FX contracts in the 10 major currencies, with particular focus on the US dollar, euro, sterling and yen. Targeting funds of funds and institutional investors with large equity and hedge-fund exposure, it is designed to reduce equity risk by investing in negatively correlated products.

"We provide an investment vehicle that looks like a short-seller in down markets but which should generate positive overall returns even if stocks rise," said Roy Niederhoffer,