Victor Niederhoffer Wikipedia. Victor Niederhoffer born December 1. Life and careereditVictor Niederhoffer was born in Brooklyn to a Jewish family. His paternal grandfather Martin Martie, an accountant and court interpreter, married Birdie ne Kuminsky in 1. His maternal grandparents were Sam and Gertrude Eisenberg. His father, Dr. Arthur Artie Niederhoffer 1. Brooklyn College in 1. Milestones Font' title='Milestones Font' />Brooklyn Law School, and finally with a Ph. D. from New York University 1. His father served in the New York City Police Department for 2. Sociology at John Jay College of Criminal Justice for 1. His father also 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 co authored with his wife, and was awarded the Presidents Medal of John Jay College for his achievements in criminal justice. His mother, Elaine ne Eisenberg Niederhoffer 1. English teacher, author, and editor who had descended from a long line of rabbis. His brother Roy Niederhoffer, who is himself a hedge fund manager, worked for Victor and his hedge fund from 1. Milestones FontanaExplore problem solving skills and developmental milestones with educational fun and creative problem solving activities for babies and toddlers. Keep your kids reading with our guide to great book lists, bookrelated articles, and activities for children aged 67. Scroll to explore the milestones and achievements that have made Mallinckrodt the leading pharmaceuticals company it is today. Niederhoffer studied statistics and economics at Harvard University B. A. 1. 96. 4 and the University of Chicago Ph. D. 1. 96. 9. He was a finance professor at the University of California, Berkeley 1. In 1. 96. 5, while still at college, he co founded with Frank Cross a company called Niederhoffer, Cross and Zeckhauser, Inc., an investment bank which sold privately held firms to public companies. This firm is now called Niederhoffer Henkel, and was run by Lee Henkel who died May 3. IRS. Niederhoffer pioneered a mass marketing approach in investment banking and did a large volume of small deals at this firm. He also bought many privately held firms with Dan Grossman, his partner during this period. As a college professor in the 1. Niederhoffer wrote academic articles about market inefficiencies, which led to the founding in 1. NCZ Commodities, Inc. Niederhoffer Investments, Inc. The success of this firm attracted the attention of George Soros. Niederhoffer became a partner of Soros and managed all of the fixed income and foreign exchange from 1. Soros said in The Alchemy of Finance that Niederhoffer was the only one of his managers who retired voluntarily from trading for him while still ahead. Soros held Niederhoffer in such high esteem that he sent his son to work for him to learn how to trade. AcademiaeditAs an academic at Berkeley in the 1. Niederhoffer wrote a number of papers on anomalies in stock market behavior. His paper Market Making and Reversal on the Stock Exchange 1. Niederhoffer the father of Statistical Arbitrage and of Market Microstructure Studies. Milestones Fontainebleau' title='Milestones Fontainebleau' />He used innovative methods to search for opportunities in stock markets, such as his paper The Analysis of World Events and Stock Prices 1. He left academia in 1. ReturnseditNiederhoffer Investments returned 3. MAR ranked it the No. In 1. 99. 7, Niederhoffer published a New York Times bestselling book, The Education of a Speculator. In statistical terms, I figure I have traded about 2 million contracts, with an average profit of 7. This average is approximately 7. In 1. 99. 7, 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 1. Niederhoffer later admitted that he did not have much expertise. Niederhoffer decided to buy Thai bank stocks, 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. On October 2. 7, 1. Dow Jones Industrial Average the eighth2. Niederhoffer Investments to close its doors. In a lawsuit that Niederhoffer later filed in the U. S. District Court for the Northern District of Illinois against the Chicago Mercantile Exchange, where he traded options, he alleged that floor traders colluded to drive the market down that day to force him out of his positions. Traders at the time said Refco may have been responsible for as much as 3. Niederhoffers losses. New fundeditSince closing down his fund in 1. This original fund is called Wimbledon Fund, the name reflecting his love of tennis. He began managing money for offshore clients in February 2. Matador Fund. Niederhoffer employs proprietary programs that predict short term moves using multivariate time series analysis. In a five year period beginning in 2. Niederhoffers fund returned 5. His worst year in this period was 2. In 2. 00. 5, he returned 5. Financial News. On April 6, 2. Mar. Hedge awarded 2. Matador Fund Ltd. Manchester Trading, two funds managed by Niederhoffer, the prize for best performance by a commodity trading advisor CTA in the two years 2. However, Niederhoffers funds were caught up in the 2. Matador Fund was closed in September 2. From 2. 00. 0 2. Niederhoffer co wrote with financial writer Laurel Kenner a weekly column on the markets for CNBC Money. Central. 2. 5 He and Kenner co wrote Practical Speculation John Wiley Sons, February 2. Niederhoffers life story, and the lessons he learned, were told in the 1. The Education of a Speculator. Niederhoffer was a winning hardball squash player and is a member of the squash hall of fame. Niederhoffer had never played squash when he entered Harvard University in 1. One year later, he won the national junior title, and, by the time he graduated, he was the National Intercollegiate squash champion. He won the U. S. Nationals five times a record exceeded only by Stanley Pearson who won his sixth in 1. He also won three national doubles titles. In 1. 97. 5, he defeated one of the greatest players in the history of the game Sharif Khan in the final of the North American Open the only time that Khan failed to win the title in the 1. Other activitieseditNiederhoffer is also the founder of the NYC Junto, a libertarian group hosted on the first Thursday of every month since 1. He is an enthusiast of Ayn Rand, and named his daughters Galt and Rand. The NYC Junto focuses on libertarianism, objectivism and investing and was inspired by the Junto hosted by Benjamin Franklin in Philadelphia from 1. U Und S Bahn Plan Berlin Pdf. He has six daughters and one son. BibliographyeditReferenceseditThe Web Site of Victor Niederhoffer Laurel Kenner abc. John Cassidy, The Blow Up Artist,The New Yorker, October 1. Jack Raymond Greene 2. Encyclopedia of Police Science, Routledge, pp. Larry Karp 2. 00. The King of Ragtime, p. Victor Niederhoffer 1. The Education of a Speculator, John Wiley SonsArthur Niederhoffer Author of Gang. Retrieved November 8, 2. Dr. Arthur Niederhoffer, A Professor at John Jay,The New York Times, January 1. The Education of a Speculator. Business Week. Retrieved November 8, 2. Roy Niederhoffer, In Memory of Elaine Niederhoffer Eulogy for My Mom, Daily Speculations, April 2. Retrieved November 8, 2. William G. Bailey 1. The Encyclopedia of Police Science, Taylor Francis. The police family from station house to ranch houseArthur Niederhoffer, Elaine Niederhoffer. Lexington Books National Library of Australia Catalogue. Retrieved November 8, 2. Elaine Eisenberg Niederhoffer Obituary,The New York Times, April 2. Niederhoffer, Victor 1.