May was brutal. The S&P500 closed down over 6.27% and the Russell 2000 closed down 6.55%.
Tradestreaming Portfolio Performance
The Tradestreaming Hedge Fund Guru Portfolio
closed down 5.1%. Beat the indices OK but still down. Not great.
The portfolio, which is a composite of all-star hedge fund picks from some of the most profitable investors around, rebalances quarterly.
We sold News Corp ($NWSA) down 1.4% and CVR Energy (CVI) down 2.5%. The portfolio added one name this quarter as many of the fund managers in the algorithm stuck with their leading ideas.
Real money portfolios are up 35.9% YTD in 2012.
You can read more about my strategy and sign up to track/autotrade it on Collective2
I develop my ideas for optimizing hedge fund replication strategies in my book Tradestream
and I use AlphaClone technology
to run my strategy.