Victor Niederhoffer Bio | Wiki
Victor Niederhoffer is a popular American hedge fund manager, champion squash player, bestselling author, and statistician who is the Author of The Education of a Speculator published in 1998. He worked as a finance professor at the University of California, Berkeley (1967–1972). In 1965, while still at college, Victor co-founded with Frank Cross a company named Niederhoffer, Cross, and Zeckhauser, Inc., an investment bank that marketed privately held firms to public companies.
This firm is currently called Niederhoffer Henkel and was run by Lee Henkel (who passed away on May 30, 2008), the retired general counsel to the IRS. He pioneered a mass marketing approach in investment banking and did a large volume of small deals at this firm. Victor also purchased several privately held firms with Dan Grossman, his partner during this period. He is also the creator of the NYC Junto, a libertarian group that was hosted on the first Thursday of every month from 1985 until 2017.
Victor Niederhoffer Age
Victor was born on December 10, 1943, in Brooklyn, New York, in the United States. He is 80 years old. Victor celebrates his birthday on December 10, every year.
Victor Niederhoffer Height
He is a man of above-average stature. Victor stands at a height of 5 ft 9 in ( Approx. 1.75m ).
Victor Niederhoffer Family
He was born in Brooklyn to a Jewish family, the son of Dr. Arthur “Artie” Niederhoffer (1917–1981) who graduated from Brooklyn College in 1937, and then from Brooklyn Law School, and subsequently earned a Ph.D. from New York University (1963). His father worked in the New York City Police Department for 21 years (retiring as a lieutenant), and later taught as a professor of sociology at John Jay College of Criminal Justice for a period of 14 years.
Also, Victor’s father tutored at Hofstra University, Brooklyn College, New York University, Queens College, and the New York City Police Academy, wrote many books on the police and criminology such as Behind the Shield, The Ambivalent Force, The Gang, and The Police Family: From Station House to Ranch House (co-authored with his wife), and won the President’s Medal of John Jay College for his achievements in criminal justice.
Victor’s mother, Elaine (née Eisenberg) Niederhoffer (1925–2006), worked as an English teacher, author, and editor who had descended from a long line of rabbis. He has a brother named Roy Niederhoffera hedge fund manager who served Victor and his hedge fund from 1987 until 1992, trading fixed-income securities. Victor’s paternal grandfather Martin (Martie) who was an accountant and court interpreter, married Birdie (née Kuminsky) in 1916. Victor’s maternal grandparents were Sam and Gertrude Eisenberg.
Victor Niederhoffer Wife
Victor is married to his wife Susan Cole. The two married in 1991. Victor and Susan have four daughters: Rand, Victoria, Artemis, and Kira. Previously, Victor was married to Gail Niederhoffer. Victor and Gail had two daughters Galt and Katie. In 1981, Victor and Gail separated. Victor also has a son, Aubrey, with Laurel Kenner, a retired editor at Bloomberg whom he met in 1999.
Victor Niederhoffer Education
He learned statistics and economics at Harvard University (B.A. in 1964) and graduated from the University of Chicago (Ph.D. in 1969).
Victor Niederhoffer Books |Book
On February 1, 1998, Victor published his book titled The Education of a Speculator. This book is a provocative and penetrating look into the mind, the soul, as well as the strategies of one of the most controversial traders of all time. In this book, Victor offers many insights into the way markets work. This book is the first meaningful book on speculating. Victor brings forth the best from each of these fields and explains to the investor how their principles can be of good help to one’s life and net worth.
Victor Niederhoffer Stroke
Until the stock market plunged on Oct. 27, 1997, he was on a winning streak that had lasted over 30 years. He was one of the first investors to use statistics and scientific ways to speculate in the financial markets.
Victor Niederhoffer Loss
In 1997, Victor Investments was not finding many opportunities for investments and, having repaid much of its funds to customers like George Soros, started investing the remaining 100 million dollars in areas where Victor afterward acknowledged that he did not have much expertise. Victor decided to sell put options on Thai bank stocks to collect premium (being successfully long these stocks), which had fallen heavily in the Asian financial crisis, his bet being that the Thai government would not permit these companies to go out of business.
On October 27, 1997, losses arising from this investment, combined with a 554-point (7.2%) single-day decline in the Dow Jones Industrial Average (the eighth largest point reduced to date in index history), forced Victor Investments to close its doors. In a lawsuit that Victor afterward filed in the U.S. District Court for the Northern District of Illinois against the Chicago Mercantile Exchange, where he traded options, he claimed that floor traders colluded to bring the market down that day to force him out of his roles. Traders at the time said Refco may have been responsible for as much as $35 million of Victor’s losses.
Victor Niederhoffer House
Victor now resides in his house in Weston, Connecticut (CT), US. In 2015, Victor’s ex-wife Gail Niederhoffer sold her Upper East Side apartment for $4.72 million.
Victor Niederhoffer Quotes
– There are so many ways to lose, but so few ways to win. Perhaps the best way to achieve victory is to master all the rules for disaster, and then concentrate on avoiding them.
– Success does not come all at once; even for masters it comes in stages, separated by years.
– Only the strongest players can swim in the shark-infested waters of the Masters’ Seas.
– Only those with passion can become masters.
Victor Niederhoffer Blog
His blog The Education of a Speculator is a treasure trove of wisdom that goes beyond the technicalities of trading. The blog is interesting for many reasons including Victor is rigorous in applying the scientific method to investing and markets.
Victor Niederhoffer Squash
He was a winning hardball squash player and is one of the Squash Hall of Fame members. Victor had never played squash when he joined Harvard University in 1960, but he had played other racquet sports. After a year, he received the national junior title, and, by the time he graduated, Victor was the National Intercollegiate squash champion.
Victor Niederhoffer Hedge Fund
Victor co-founded with Frank Cross a company named Niederhoffer, Cross, and Zeckhauser, Inc., an investment bank that marketed privately held firms to public companies. This firm is currently called Niederhoffer Henkel and was run by Lee Henkel (who passed away on May 30, 2008), the retired general counsel to the IRS.
Victor Niederhoffer Documentary
His documentary “The Education of a Speculator” is a fascinating exploration of not only the technical ways of trading but also the psychological and philosophical underpinnings that form the bedrock of successful speculation.
Victor Niederhoffer Net Worth
Victor gets his wealth from his work as a hedge fund manager, champion squash player, bestselling author, and statistician who is the Author of The Education of a Speculator. Therefore, Victor has accumulated a decent fortune over the years. Victor’s net worth is $9 billion.
How Old Is Victor Niederhoffer
Victor is an 80-year-old who was born on December 10, 1943, in Brooklyn, New York, in the United States. Victor celebrates his birthday on December 10, every year.
How Tall Is Victor Niederhoffer
Victor is a man of above-average stature who stands at a height of 5 ft 9 in ( Approx. 1.75m ).
Who Is Victor Niederhoffer
He is an American hedge fund manager, champion squash player, bestselling author, and statistician who is the Author of The Education of a Speculator. Victor was a winning hardball squash player and is a member of the squash hall of fame.
Victor Niederhoffer Social Media Account
Twitter – @VicNiederhoffer