Dever’s done an admirable job making his strategies available to the public (and his returns, too). The August report on the Symphony Portfolio (described in Jackass) showed a return of over 2% vs. the $SPY ‘s loss of over 5%.
Pretty non-jackass to me.
From the report:
We received a $10 million seed investment and began trading on July 1st. It was a great time to start as it gave us the opportunity to display our non-correlation with not just stocks, but with other managed futures traders as well. Following a 0.9% gain in July, Brandywine’s Symphony program posted an additional 2.4% profit in August, while both stock and managed futures traders, on average, lost money. Brandywine’s volatility remained subdued, averaging less than 20% of that of the U.S. stock market over the same period.
Read the whole report