The markets began the year with their best start since 1989 fueled by relatively positive economic news in the US and China and the belief that Europe's continued economic crisis is now at least well understood and perhaps even contained. The S&P 500 increased by 4.5% in January while the Russell 2000 gained 7.1%.
Our dyanamically hedged strategies entered the year while maintaining their "risk off" postures throughtout January. With the broader market indices closing above their 200 day moving averages at the end of the month, all dynamically hedged strategies reverted to their long "risk on" postures beginning February 1st. Our long only strategies all performed in line or better than their respective long only benchmarks.
Highlights
- AlphaClone Select Long/Short Composite | +1.6% MTD vs. +3.2% for the DJCS Core Equity Long/Short Index
- AlphaClone Momentum Long/Short Composite | +3.6% MTD vs. +3.2% for the DJCS Core Equity Long/Short Index
- AlphaClone International Long/Short Composite | +2% MTD vs. +1.8% for the DJCS Core Emerging Market Index
- ETF Ideas Long Composite | +9.2% MTD vs. 7.1% for the MSCI World Index
- Value Masters Long Composite | +4.7% MTD vs. 4.5% for the S&P 500 Index (including dividends)
- Activist Masters Long Composite | +4.5% MTD vs. 4.5% for the S&P 500 Index (including dividends)
Click the link below to download performance results for our core investment strategies as of the end of January 2012. Our investment strategies are available to individual investors through our investment accounts service. Our online application makes it easy to sign up.
IMPORTANT DISCLOSURES FOR ACTUAL PERFORMANCE RESULTS
Actual performance figures are unaudited estimates generated by AlphaClone, LLC, and are subject to modification. Performance is in U.S. dollars, includes the reinvestment of dividends and is net of trading expenses and management fees (1.5% per year combined). Past performance is not a guarantee of future returns. AlphaClone Core Strategies seek capital appreciation as their investment objective. This communication does not constitute an offer or a solicitation to invest with AlphaClone, LLC. Index comparison returns are shown with dividends reinvested were available.
