Hedge Fund News From HedgeCo.Net


Fund Manager Models Turn in a Strong Week

New York (HedgeCoVest.com) –

The overall market bounced back last week after a rough week the week before. The S&P gained 1.16% last week while the DOW and NASDAQ lagged the performance of the broader market index with gains of 0.69% and 0.78%, respectively.

The fund manager models on the HedgeCoVest platform had a great week as 11 of the 16 gained ground. The top five models gained 1.96% collectively and the top ten models gained 1.29% collectively, allowing both portfolios to beat the overall market last week.

Portfolio Return Week of 7/27/15-7/31/15 Year To Date Return
Top 5 HedgeCoVest Models 1.96% 6.56%
Top 10 HedgeCoVest Models 1.29% 1.77%
All HedgeCoVest Models 0.71% 0.41%
S&P 500 1.16% 2.19%

On a YTD basis, the top five portfolio jumped sharply last week and is now up 6.56% on the year. The top ten portfolio is up 1.77% on the year and is performing similarly to the overall market.

1* This comparison is using simulated portfolios of the top five performing models, the top ten performing models and all models on the HedgeCoVest platform. For a complete list of all models and their performance, please visit the platform. The information contained herein does not suggest or imply and should not be construed, in any manner, a guarantee of future performance and/or investment advice. Past performance does not guarantee future results. Returns are historical and based on data believed to be accurate and reliable.

The HedgeCoVest Composite Long-Only models had a great week last week with a gain of 1.95%. The long/short models were able to gain a little ground, but the short-only models took a loss as the overall market was up.

Portfolio Return Week of 7/27/15-7/31/15 Year To Date Return
HedgeCoVest Composite Long-Only Models 1.95% 2.72%
HedgeCoVest Composite Long/Short Models 0.06% 5.18%
HedgeCoVest Composite Short-Only Models -1.56% 4.67%
S&P 500 1.16% 2.19%

The YTD numbers for all three portfolios are doing very well with all three beating the overall market. The short-only models and the long/short models have both doubled the performance of the overall market. The long/short portfolio has gained 5.18% on the year while the short-only portfolio has gained 4.67%. 

2 * This comparison is using simulated portfolios of the composite models on the HedgeCoVest platform. For a complete list of all models and their performance, please visit the platform. The information contained herein does not suggest or imply and should not be construed, in any manner, a guarantee of future performance and/or investment advice. Past performance does not guarantee future results. Returns are historical and based on data believed to be accurate and reliable.

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