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Alternative Market Briefing

Niederhoffer initiate and UK finance professor launches hedge fund

Wednesday, July 11, 2012

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Victor Niederhoffer
By Beverly Chandler, Opalesque London:

A rounded 15 year career, starting in private banking, moving on to work with one of the original hedge fund managers, Victor Niederhoffer, and then on through the ups and downs of life in the City of London within banks and hedge fund firms through the financial crisis, has prepared Patrick Boyle for his next role, managing Palomar Fund Management.

Boyle is to launch Palomar in September of this year, with $50m under management, partly seeded by distinguished names from the hedge fund industry, an institution, a family office and from his own capital.

He started as a 21 year old in the private banking sector, observing and studying money management and realising that his biggest problem in getting on was a total lack of experience. With the arrival of all market data in the public domain at the end of the 1990s, Boyle started to study. "I thought it might be a smart approach if I analysed as much data as possible so I could speak knowledgeably about stocks; even if I hadnt lived through the various periods, I could at least be a history student of the market."

The studies became more statistical in their nature and he enjoyed a couple of early successes, applying his theories to investment. "I realised over time that certain rules work better than others" he says. "I initially approached the markets like a man from Mars and in a way that is why I developed my own approach."

He read of Niederhoffer, admired his ......................

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