Bogleheads 2013 Hedgefund Contest
Bogleheads 2013 Hedgefund Contest
[See below. -- admin LadyGeek]
Are we going to do another one again next year? This is always a fun exercise
Are we going to do another one again next year? This is always a fun exercise
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Re: Boglehead Hedgefund Contest 2013?
Deleted
Last edited by Johm221122 on Sun Dec 30, 2012 1:24 am, edited 1 time in total.
Re: Boglehead Hedgefund Contest 2013?
That's a different contest Johm, otherwise known as the "guess the S&P 500" contest. Snowjob is referring to the hedge fund contest, where you pick 4 stocks (2 of which you are shorting) and try to end up with the highest (or lowest, for some of our competitors) earnings for the year. See this year's contest: http://libra-investments.com/hf/bh.html
Re: Boglehead Hedgefund Contest 2013?
I'm in. Can't believe I'm not dead last in this year's contest with my disastrous short of SHLD. For 2013 we will, um, be closing our old fund and renaming everything in hopes our suckers - er, I mean investors - will forget about 2012.
- Taylor Larimore
- Posts: 32842
- Joined: Tue Feb 27, 2007 7:09 pm
- Location: Miami FL
An educational exercise.
It is also an educational exercise:Snowjob wrote:Are we going to do another one again next year? This is always a fun exercise
Vanguard's Total Market Index Fund Admiral (VTSAX) currently has a Year-to-Date return of 15.70%. Only 7 hedge funds in the contest did better; 26 hedge funds did worse.
Past performance does not guarantee future performance.
Happy Holidays
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle
Re: Boglehead Hedgefund Contest 2013?
Here's the hedgefund contest: Bogleheads 2012 hedge fund contest, run by Norbert Schlenker
I tried for dead last and almost broke even.
The S&P 500 contest (latest): BOGLEHEAD CONTEST -- One month to go., run by Taylor Larimore
I tried for dead last and almost broke even.
The S&P 500 contest (latest): BOGLEHEAD CONTEST -- One month to go., run by Taylor Larimore
Re: Boglehead Hedgefund Contest 2013?
Is there anyway to allow the contest to use options or futures strategies?
The cure shouldn't be worse than the disease.
- Norbert Schlenker
- Posts: 544
- Joined: Mon Feb 19, 2007 10:06 pm
- Location: The Dry Side of the Wet Coast
Re: Boglehead Hedgefund Contest 2013?
Thank you to LadyGeek for sending me a PM informing me Of the expressed interest. I am on the road with nothing more than an iPod and occasional wifi connections through New Years Day so this is not easy to organize. However I am happy to set the software running again once I get home for all portfolios that match the rules of last year's contest other than dates. So exactly two longs and two shorts drawn from the same universe as last year (cannot remember offhand it was S&P500 or something broader but follow those rules), specified in a post in this thread before the market opens on Jan 2, 2013. I will catch up the bookkeeping ASAP after I get home. Dividends do not count.
Sorry no high volatility options or futures strategies as they're impossible to track automatically.
Signing off now because I'm at my iPod patience limit. Excuse typos please.
Sorry no high volatility options or futures strategies as they're impossible to track automatically.
Signing off now because I'm at my iPod patience limit. Excuse typos please.
Nothing can protect people who want to buy the Brooklyn Bridge.
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- Posts: 1425
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Re: Boglehead Hedgefund Contest 2013?
Rules refresher:
• Pick a fancy name for your hedge fund. Show some creativity. A panel of esteemed judges will choose the best.
• Before 9 am EST on 3 Jan 2012, pick two stocks to go long and two to short. You must choose four different positions. Equal dollar amounts are placed on each position.
• Common stock only. No bonds, no options, no funds.
• No trades during the year, except that you can elect at any time during normal exchange business hours to "freeze" a price for any individual position at that day's closing price, i.e. liquidate that one position. Other than that, you're stuck with what you choose for the year.
• The universe from which to choose is the Russell 3000. No exceptions. I will attempt to verify membership ahead of time and warn if offside, but the onus is on participants to verify each submitted portfolio against the link provided. Portfolios containing one or more offside positions at the start time will be excluded from the contest. Stocks that are eligible at the start but are removed from the Russell 3000 during 2012 will continue to be tracked.
• Starting prices are the 30 Dec 2011 close, ending prices will be the 31 Dec 2012 close. (Adjustments may be made to either in case of crazy spreads, at my sole discretion.)
• Positions merged out of existence during 2012 will either be liquidated at takeover price for cash deals or converted to positions in acquiring company for stock deals. As the universe has expanded for the 2012 edition, buyouts and mergers may be more common than in earlier years. Contest participants are encouraged to keep me informed of such corporate actions in their own funds, either with a PM or a post in this thread.
• Winner of the name contest deemed to purchase long positions at 1% discount and sell short positions at 1% premium!
• Dividends won't count because ...
• It's all automated to make it easy on myself.
• Pick a fancy name for your hedge fund. Show some creativity. A panel of esteemed judges will choose the best.
• Before 9 am EST on 3 Jan 2012, pick two stocks to go long and two to short. You must choose four different positions. Equal dollar amounts are placed on each position.
• Common stock only. No bonds, no options, no funds.
• No trades during the year, except that you can elect at any time during normal exchange business hours to "freeze" a price for any individual position at that day's closing price, i.e. liquidate that one position. Other than that, you're stuck with what you choose for the year.
• The universe from which to choose is the Russell 3000. No exceptions. I will attempt to verify membership ahead of time and warn if offside, but the onus is on participants to verify each submitted portfolio against the link provided. Portfolios containing one or more offside positions at the start time will be excluded from the contest. Stocks that are eligible at the start but are removed from the Russell 3000 during 2012 will continue to be tracked.
• Starting prices are the 30 Dec 2011 close, ending prices will be the 31 Dec 2012 close. (Adjustments may be made to either in case of crazy spreads, at my sole discretion.)
• Positions merged out of existence during 2012 will either be liquidated at takeover price for cash deals or converted to positions in acquiring company for stock deals. As the universe has expanded for the 2012 edition, buyouts and mergers may be more common than in earlier years. Contest participants are encouraged to keep me informed of such corporate actions in their own funds, either with a PM or a post in this thread.
• Winner of the name contest deemed to purchase long positions at 1% discount and sell short positions at 1% premium!
• Dividends won't count because ...
• It's all automated to make it easy on myself.
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- Posts: 1425
- Joined: Mon Feb 19, 2007 8:29 pm
Re: Boglehead Hedgefund Contest 2013?
Iona Little Fund
Long:
CELG, Celgene Corp.
ARNA, Arena Pharmaceuticals
Short:
INTC, Intel Corp.
CMG, Chipotle Mexican Grill
Thank you Norbert for taking the time to run the contest again in 2013.
Long:
CELG, Celgene Corp.
ARNA, Arena Pharmaceuticals
Short:
INTC, Intel Corp.
CMG, Chipotle Mexican Grill
Thank you Norbert for taking the time to run the contest again in 2013.
Re: Boglehead Hedgefund Contest 2013?
Zona Holdings Inc.
Long:
PHM: Pulte
LEN: Lennar
Short:
HPQ: Hewlett-Packard
YUM: YUM! Brands
Long:
PHM: Pulte
LEN: Lennar
Short:
HPQ: Hewlett-Packard
YUM: YUM! Brands
Re: Bogleheads 2013 Hedgefund Contest
Since Norbert Schlenker's internet access is limited and time is running short, let's start posting here. He can catch up when he gets back home.
Rather than copy the 2012 Bogleheads rules, he just posted A 2013 hedge fund contest over on our sister Canadian site, Financial Webring Forum. The rules are the same, except for the universe of choices (no TSX picks for Bogleheads):
Rather than copy the 2012 Bogleheads rules, he just posted A 2013 hedge fund contest over on our sister Canadian site, Financial Webring Forum. The rules are the same, except for the universe of choices (no TSX picks for Bogleheads):
(Updated to reflect latest rules from Financial Webring Forum.)Norbert Schlenker wrote:Complete set of rules for 2013 ...My holiday schedule may result in a delay to the automation of posting of results but rest assured that I will get to it eventually.
- Pick a fancy name for your hedge fund. Show some creativity. A panel of esteemed judges will choose the best.
- Before 9 am EST on 2 Jan 2013, pick two stocks to go long and two to short. Equal dollar amounts are placed on each position.
- Stock only. No bonds, no options, no funds.
- No trades during the year, except that you can elect at any time during normal exchange business hours to "freeze" a price for any individual position at that day's closing price, i.e. liquidate that one position. Other than that, you're stuck with what you choose for the year.
- The universe from which to choose is either the S&P/TSX or the Russell 3000. No mix and match between the two groups, no exceptions.
- Starting prices are the 31 Dec 2012 close, ending prices will be the 31 Dec 2013 close. (Adjustments may be made to either in case of crazy spreads, at my sole discretion.)
- Winner of the name contest deemed to purchase long positions at 1% discount and sell short positions at 1% premium!
- Dividends won't count because ...
- It's all automated to make it easy on myself.
Post your picks in this thread.
Re: Bogleheads 2013 Hedgefund Contest
We have one more trading day left and "...it ain't over until the fat lady starts to sing.." Yes, I know, I can hear her warming up.
"..the cavalry ain't comin' kid, you're on your own..."
Re: Bogleheads 2013 Hedgefund Contest
Name: Superior Pericenter Arbitrage Managment, LP
Long:
Exide Technologies (XIDE)
Thomas Properties Group Inc. (TPGI)
Short:
Krispy Kreme Doughnuts, Inc. (KKD)
Bon-Ton Stores Inc. (BONT)
(Updated name)
Long:
Exide Technologies (XIDE)
Thomas Properties Group Inc. (TPGI)
Short:
Krispy Kreme Doughnuts, Inc. (KKD)
Bon-Ton Stores Inc. (BONT)
(Updated name)
Re: Bogleheads 2013 Hedgefund Contest
Fund Name: Go for the Gold
Long:
KITD
APAGF
Short:
BDSI
ARNA
Long:
KITD
APAGF
Short:
BDSI
ARNA
The cure shouldn't be worse than the disease.
Re: Bogleheads 2013 Hedgefund Contest
New Deal Hedgefund
Long:
Best Buy Co Inc. (BBY)
Advanced Micro Devices, Inc. (AMD)
Short:
PulteGroup, Inc. (PHM)
Sprint Nextel Corp. (S)
Long:
Best Buy Co Inc. (BBY)
Advanced Micro Devices, Inc. (AMD)
Short:
PulteGroup, Inc. (PHM)
Sprint Nextel Corp. (S)
- zaboomafoozarg
- Posts: 2431
- Joined: Sun Jun 12, 2011 12:34 pm
Re: Bogleheads 2013 Hedgefund Contest
Fund Name:
Sonic Hedgefund
Long:
GRPN (Groupon)
ZNGA (Zynga)
Short:
BBY (Best Buy)
HPQ (Hewlett Packard)
Sonic Hedgefund
Long:
GRPN (Groupon)
ZNGA (Zynga)
Short:
BBY (Best Buy)
HPQ (Hewlett Packard)
-
- Posts: 1588
- Joined: Fri May 25, 2012 9:38 am
Re: Bogleheads 2013 Hedgefund Contest
The Gazelle Fund
Long:
Home Depot (HD)
Ford (F)
Short:
Apple (AAPL)
JP Morgan (JPM)
Long:
Home Depot (HD)
Ford (F)
Short:
Apple (AAPL)
JP Morgan (JPM)
Re: Bogleheads 2013 Hedgefund Contest
I'm in.
Consternatio Partners
Long
Vrsk
Dltr
Short
Nly
Sdrl
Cheers,
Consternatio Partners
Long
Vrsk
Dltr
Short
Nly
Sdrl
Cheers,
RIP Mr. Bogle.
Re: An educational exercise.
Well there a couple of issues here:Taylor Larimore wrote:It is also an educational exercise:Snowjob wrote:Are we going to do another one again next year? This is always a fun exercise
Vanguard's Total Market Index Fund Admiral (VTSAX) currently has a Year-to-Date return of 15.70%. Only 7 hedge funds in the contest did better; 26 hedge funds did worse.
Past performance does not guarantee future performance.
Happy Holidays
Taylor
1) the total stock market index is not really the best benchmark. The contest has you choose 2 long stock positions and 2 short stock positions. So it's trying to replicate a market neutral hedge fund. The best benchmark for that is tbills. For example the vanguard market neutral fund uses the Citigroup 3 month tbill index as its benchmark
https://personal.vanguard.com/us/funds/ ... IntExt=INT
2) compared to this benchmark, 18 funds beat the benchmark and 14 lagged
3) however the contest ignores dividends and this may distort performance. I understand the idea is to keep things simple. But yahoo publishes prices adjusted for dividends so perhaps we could use those?
Cheers
RIP Mr. Bogle.
Re: Bogleheads 2013 Hedgefund Contest
Fund name:
TechnoViking
Long:
GOOG
YHOO
Short:
MSFT
NFLX
TechnoViking
Long:
GOOG
YHOO
Short:
MSFT
NFLX
- zaboomafoozarg
- Posts: 2431
- Joined: Sun Jun 12, 2011 12:34 pm
Re: An educational exercise.
Huh, that is an odd fund. "The fund may be appropriate for a small portion of an already well-diversified portfolio" - and has a minimum investment of $250k. OK, they must not be talking about my portfolio.grok87 wrote:For example the vanguard market neutral fund uses the Citigroup 3 month tbill index as its benchmark
https://personal.vanguard.com/us/funds/ ... IntExt=INT
2) compared to this benchmark, 18 funds beat the benchmark and 14 lagged
-
- Posts: 1317
- Joined: Mon May 17, 2010 9:04 am
Re: Bogleheads 2013 Hedgefund Contest
Name: Shrink Fund of America Class R6
Long:
AMD
JIVE
Short:
LUV
ENZN
Long:
AMD
JIVE
Short:
LUV
ENZN
-
- Posts: 46
- Joined: Tue Aug 07, 2012 5:12 pm
Re: Bogleheads 2013 Hedgefund Contest
Name: I don't need no stinking index fund Fund
Long:
Qualcomm QCOM
Whole Foods WFM
Short:
Best Buy BBY
Intel INTC
Long:
Qualcomm QCOM
Whole Foods WFM
Short:
Best Buy BBY
Intel INTC
Re: Bogleheads 2013 Hedgefund Contest
Name:
Oh, No! Fund
Long:
OMEX Odyssey Marine Exploration
HCSG Healthcare Services Group
Short:
NRG NRG Energy
OUTD Outdoor Channel
Oh, No! Fund
Long:
OMEX Odyssey Marine Exploration
HCSG Healthcare Services Group
Short:
NRG NRG Energy
OUTD Outdoor Channel
A dollar in Roth is worth more than a dollar in a taxable account. A dollar in taxable is worth more than a dollar in a tax-deferred account.
- Taylor Larimore
- Posts: 32842
- Joined: Tue Feb 27, 2007 7:09 pm
- Location: Miami FL
Best Hedge Fund Contest benchmark?
Grook:grok87 wrote:Well there a couple of issues here:Taylor Larimore wrote:It is also an educational exercise:Snowjob wrote:Are we going to do another one again next year? This is always a fun exercise
Vanguard's Total Market Index Fund Admiral (VTSAX) currently has a Year-to-Date return of 15.70%. Only 7 hedge funds in the contest did better; 26 hedge funds did worse.
Past performance does not guarantee future performance.
Happy Holidays
Taylor
1) the total stock market index is not really the best benchmark. The contest has you choose 2 long stock positions and 2 short stock positions. So it's trying to replicate a market neutral hedge fund. The best benchmark for that is tbills. For example the vanguard market neutral fund uses the Citigroup 3 month tbill index as its benchmark
https://personal.vanguard.com/us/funds/ ... IntExt=INT
2) compared to this benchmark, 18 funds beat the benchmark and 14 lagged
3) however the contest ignores dividends and this may distort performance. I understand the idea is to keep things simple. But yahoo publishes prices adjusted for dividends so perhaps we could use those?
Cheers
From the Hedge Fund Contest Registration:
The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. Accordingly, it seems to me that the Vanguard's Total Market Index Fund is a much better benchmark for this contest than "t-bills.""I am going to relax last year's restriction to S&P 500 companies to a broader index, the Russell 3000."
Happy Holidays.
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle
- gotherelate
- Posts: 845
- Joined: Wed May 28, 2008 6:57 pm
- Location: Texas
Re: Bogleheads 2013 Hedgefund Contest
Title: The Hedge Hog Fund (We can't promise you won't get slaughtered)
Long:
CAG (ConAgra Foods, Inc.)
CAT (Caterpillar, Inc.)
Short:
CBOU (Caribou Coffee Co., Inc.)
SHOR (Shoretel, Inc.)
Long:
CAG (ConAgra Foods, Inc.)
CAT (Caterpillar, Inc.)
Short:
CBOU (Caribou Coffee Co., Inc.)
SHOR (Shoretel, Inc.)
-Grandpa |
I'd rather see where I'm going than see where I've been.
Re: Bogleheads 2013 Hedgefund Contest
I would like to enter my hedgefund: Intelligent Capital Global Opportunities Absolute Return Fund
Long:
Mant
Brk.b
Short:
Pld
Scco
Long:
Mant
Brk.b
Short:
Pld
Scco
- muddyglass
- Posts: 133
- Joined: Sat Jan 29, 2011 1:11 am
Re: Bogleheads 2013 Hedgefund Contest
fund name:
longer term capital management
long positions:
rgr - sturm, ruger & company
swhc - smith & wesson holding corporation
short positions:
bby - best buy inc.
fb - facebook inc.
longer term capital management
long positions:
rgr - sturm, ruger & company
swhc - smith & wesson holding corporation
short positions:
bby - best buy inc.
fb - facebook inc.
Re: Bogleheads 2013 Hedgefund Contest
Fund name: No Coffee Genes in Finance
Long:
BAC Bank of America
C Citigroup
Short (from the current top performers):
SQNM Sequenom Inc
GMCR Green Mountain Coffee Roasters
Long:
BAC Bank of America
C Citigroup
Short (from the current top performers):
SQNM Sequenom Inc
GMCR Green Mountain Coffee Roasters
Re: Bogleheads 2013 Hedgefund Contest
To the new investors, feel free to enter the contest. If you'd like to enter, but the rules seem too complicated, here's the simplified version:
From the Russell 3000 Index (membership list)
- Pick 2 stocks that you think will gain in value by this time next year. Those are the "long" positions.
- Pick 2 stocks that you think will lose in value by this time next year. Those are the "short" positions.
- Pick a name for your hedge fund. Google "hedge fund name" to get the general idea.
- Don't ever invest in a hedge fund, which is the point of this exercise. See: Hedge funds
Like the upcoming Boglehead Contest, which attempts to predict the value of the S&P 500 index, new investors have just as much a shot at winning as the "pros" do (or at least we think so). Give it a try.
From the Russell 3000 Index (membership list)
- Pick 2 stocks that you think will gain in value by this time next year. Those are the "long" positions.
- Pick 2 stocks that you think will lose in value by this time next year. Those are the "short" positions.
- Pick a name for your hedge fund. Google "hedge fund name" to get the general idea.
- Don't ever invest in a hedge fund, which is the point of this exercise. See: Hedge funds
Like the upcoming Boglehead Contest, which attempts to predict the value of the S&P 500 index, new investors have just as much a shot at winning as the "pros" do (or at least we think so). Give it a try.
Re: Bogleheads 2013 Hedgefund Contest
Here at Nocturnal Aviation we want to assure our customers that the poor performance of the now-closed High and Frequently Trading fund was due entirely to a rogue trader, Lance Link, who was not authorized to use his toes to enter trades.
We're proud to announce the opening of our new fund, run by veteran stock-picker Bobo the Wonder Chimp. We're confident you've forgotten the dismal performance of his old Daedelus fund, and only remember him as a "name" thanks to his many appearances on CNBC octo-boxes. The new fund is:
Bet You're Hedged Fund
Long AAPL CAT
Short AMZN HPQ
(Edited prior to deadline to fix spelling of fund name and short HPQ instead of GM.)
P.S. I want to echo what Taylor and Lady Geek say about hedge funds above. This annual game is a lark, and I for one can't resist poking fun at the hedge fund industry. As the old saying goes, sometimes the truest things are said in jest.
We're proud to announce the opening of our new fund, run by veteran stock-picker Bobo the Wonder Chimp. We're confident you've forgotten the dismal performance of his old Daedelus fund, and only remember him as a "name" thanks to his many appearances on CNBC octo-boxes. The new fund is:
Bet You're Hedged Fund
Long AAPL CAT
Short AMZN HPQ
(Edited prior to deadline to fix spelling of fund name and short HPQ instead of GM.)
P.S. I want to echo what Taylor and Lady Geek say about hedge funds above. This annual game is a lark, and I for one can't resist poking fun at the hedge fund industry. As the old saying goes, sometimes the truest things are said in jest.
Last edited by dmcmahon on Mon Dec 31, 2012 2:35 pm, edited 1 time in total.
Re: Bogleheads 2013 Hedgefund Contest
Fontana Ltd.
Long- FAST, NAV
Short- RUSHA, TRV
Long- FAST, NAV
Short- RUSHA, TRV
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- Posts: 137
- Joined: Sun Nov 02, 2008 12:58 am
Re: Bogleheads 2013 Hedgefund Contest
Reversion to the Meme
Longs - EDMC, RSH
Shorts - PGTI, ELLI
Longs - EDMC, RSH
Shorts - PGTI, ELLI
Re: Best Hedge Fund Contest benchmark?
Taylor,Taylor Larimore wrote:Grok:grok87 wrote:Well there a couple of issues here:Taylor Larimore wrote:It is also an educational exercise:Snowjob wrote:Are we going to do another one again next year? This is always a fun exercise
Vanguard's Total Market Index Fund Admiral (VTSAX) currently has a Year-to-Date return of 15.70%. Only 7 hedge funds in the contest did better; 26 hedge funds did worse.
Past performance does not guarantee future performance.
Happy Holidays
Taylor
1) the total stock market index is not really the best benchmark. The contest has you choose 2 long stock positions and 2 short stock positions. So it's trying to replicate a market neutral hedge fund. The best benchmark for that is tbills. For example the vanguard market neutral fund uses the Citigroup 3 month tbill index as its benchmark
https://personal.vanguard.com/us/funds/ ... IntExt=INT
2) compared to this benchmark, 18 funds beat the benchmark and 14 lagged
3) however the contest ignores dividends and this may distort performance. I understand the idea is to keep things simple. But yahoo publishes prices adjusted for dividends so perhaps we could use those?
Cheers
From the Hedge Fund Contest Registration:
The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. Accordingly, it seems to me that the Vanguard's Total Market Index Fund is a much better benchmark for this contest than "t-bills.""I am going to relax last year's restriction to S&P 500 companies to a broader index, the Russell 3000."
Happy Holidays.
Taylor
Happy holidays to you too!
How about using the vanguard market neutral fund as a benchmark?
ThAt's down 1% year to date. So again 18 contest participants would have beaten vanguard at the long/short stock picking game. The only problem is dividends and, I guess, expense ratio.
Cheers,
RIP Mr. Bogle.
Re: Bogleheads 2013 Hedgefund Contest
Title:
"Medical Inflation Protection Fund"
Long:
MDRX (Allscripts Healthcare)
HCA (HCA Holdings Inc)
Short:
CERN (Cerner Corp)
PFE (Pfizer Inc)
"Medical Inflation Protection Fund"
Long:
MDRX (Allscripts Healthcare)
HCA (HCA Holdings Inc)
Short:
CERN (Cerner Corp)
PFE (Pfizer Inc)
- muddyglass
- Posts: 133
- Joined: Sat Jan 29, 2011 1:11 am
Re: Best Hedge Fund Contest benchmark?
maybe i'm missing something, but i thought market neutral funds try to long and short stuff in the same sector or which have very high correlation otherwise. our picks for long positions and short positions in this contest don't necessarily reflect that strategy. for example, some of us are trying to beat the market (to a bloody pulp) by longing the stuff we like and shorting the stuff we don't like, regardless of correlations.grok87 wrote: Taylor,
Happy holidays to you too!
How about using the vanguard market neutral fund as a benchmark?
ThAt's down 1% year to date. So again 18 contest participants would have beaten vanguard at the long/short stock picking game. The only problem is dividends and, I guess, expense ratio.
Cheers,
- pennstater2005
- Posts: 2509
- Joined: Wed Apr 11, 2012 8:50 pm
Re: Bogleheads 2013 Hedgefund Contest
First City Sons & Co.
Long: Bank of America (BAC)
Ford (F)
Short: Pepco Holdings Co. (POM)
Alcoa (AA)
Long: Bank of America (BAC)
Ford (F)
Short: Pepco Holdings Co. (POM)
Alcoa (AA)
“If you think nobody cares if you're alive, try missing a couple of car payments.” – Earl Wilson
Re: Bogleheads 2013 Hedgefund Contest
Title: 4 Blind Squirrels
Methodology: Dart Board (virtual)
Long:
- CABOT CORP CBT
- NEWMARKET CORPORATION NEU
Short:
- KENNEDY-WILSON HLDGS IN KW
- HAVERTY FURNITURE INC HVT
Methodology: Dart Board (virtual)
Long:
- CABOT CORP CBT
- NEWMARKET CORPORATION NEU
Short:
- KENNEDY-WILSON HLDGS IN KW
- HAVERTY FURNITURE INC HVT
Fees are the rub.
- ThirteenEleven
- Posts: 24
- Joined: Fri Nov 30, 2012 10:09 am
- Location: Louisville, K.Y.
Re: Bogleheads 2013 Hedgefund Contest
Madoff Capitol Mismanagement
Long:
Home Depot (HD)
Citigroup (C)
Short:
Apple (appl)
Sprint Nextel (S)
Long:
Home Depot (HD)
Citigroup (C)
Short:
Apple (appl)
Sprint Nextel (S)
Re: An educational exercise.
Yeah exactly. The managed payout funds use itzaboomafoozarg wrote:Huh, that is an odd fund. "The fund may be appropriate for a small portion of an already well-diversified portfolio" - and has a minimum investment of $250k. OK, they must not be talking about my portfolio.grok87 wrote:For example the vanguard market neutral fund uses the Citigroup 3 month tbill index as its benchmark
https://personal.vanguard.com/us/funds/ ... IntExt=INT
2) compared to this benchmark, 18 funds beat the benchmark and 14 lagged
RIP Mr. Bogle.
Re: Best Hedge Fund Contest benchmark?
Interesting observation. Looks like you are correct about the vanguard market neutral fund. As per the latest report it does try to keep its sector positioning for longs and shorts pretty equalmuddyglass wrote:maybe i'm missing something, but i thought market neutral funds try to long and short stuff in the same sector or which have very high correlation otherwise. our picks for long positions and short positions in this contest don't necessarily reflect that strategy. for example, some of us are trying to beat the market (to a bloody pulp) by longing the stuff we like and shorting the stuff we don't like, regardless of correlations.grok87 wrote: Taylor,
Happy holidays to you too!
How about using the vanguard market neutral fund as a benchmark?
ThAt's down 1% year to date. So again 18 contest participants would have beaten vanguard at the long/short stock picking game. The only problem is dividends and, I guess, expense ratio.
Cheers,
https://personal.vanguard.com/funds/rep ... 2210063746
So what do you think the best benchmark is?
RIP Mr. Bogle.
Re: Bogleheads 2013 Hedgefund Contest
fund name:
Yacht Payments Partners
long positions:
JCP - J.C. Penney
SWHC - smith & wesson holding corporation
short positions:
GOOG - Google
SPG - Simon Property Group
Yacht Payments Partners
long positions:
JCP - J.C. Penney
SWHC - smith & wesson holding corporation
short positions:
GOOG - Google
SPG - Simon Property Group
A man is rich in proportion to the number of things he can afford to let alone.
-
- Posts: 16
- Joined: Sun Dec 30, 2012 8:58 pm
Re: Bogleheads 2013 Hedgefund Contest
Fund name:
High Liquidity Large Volume Porcelain Bowl Fund
Long Positions:
SWHC -- Smith Wesson & Holding
RGR -- Sturm Ruger & Co Inc
Short Positions:
AAPL -- Apple Inc
EA -- Electronic Arts Inc
High Liquidity Large Volume Porcelain Bowl Fund
Long Positions:
SWHC -- Smith Wesson & Holding
RGR -- Sturm Ruger & Co Inc
Short Positions:
AAPL -- Apple Inc
EA -- Electronic Arts Inc
-
- Posts: 25625
- Joined: Thu Apr 05, 2007 8:20 pm
- Location: New York
Re: Bogleheads 2013 Hedgefund Contest
Ding Dong Capital (anyone home?) Stay tuned.....
Long: CVS - CVS Caremark Corp.
Long: L - Loews Corporation
Short: RRC - Range Resources
Short: AAPL - Apple
Long: CVS - CVS Caremark Corp.
Long: L - Loews Corporation
Short: RRC - Range Resources
Short: AAPL - Apple
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
- muddyglass
- Posts: 133
- Joined: Sat Jan 29, 2011 1:11 am
Re: Best Hedge Fund Contest benchmark?
ideally, we'd have to benchmark our funds against a weighted index using various vanguard size-style index funds to approximate our tilt. however, since this is not a real competition after all, i'd make things easy and just go with taylor's suggestion of using the total u.s. market index.grok87 wrote:Interesting observation. Looks like you are correct about the vanguard market neutral fund. As per the latest report it does try to keep its sector positioning for longs and shorts pretty equalmuddyglass wrote:maybe i'm missing something, but i thought market neutral funds try to long and short stuff in the same sector or which have very high correlation otherwise. our picks for long positions and short positions in this contest don't necessarily reflect that strategy. for example, some of us are trying to beat the market (to a bloody pulp) by longing the stuff we like and shorting the stuff we don't like, regardless of correlations.grok87 wrote: Taylor,
Happy holidays to you too!
How about using the vanguard market neutral fund as a benchmark?
ThAt's down 1% year to date. So again 18 contest participants would have beaten vanguard at the long/short stock picking game. The only problem is dividends and, I guess, expense ratio.
Cheers,
https://personal.vanguard.com/funds/rep ... 2210063746
So what do you think the best benchmark is?
Re: Bogleheads 2013 Hedgefund Contest
Fiscal Cliff Joy Fund
Long:
FIZZ
CALL
Short:
CLF
JOY
Long:
FIZZ
CALL
Short:
CLF
JOY
- zaboomafoozarg
- Posts: 2431
- Joined: Sun Jun 12, 2011 12:34 pm
Re: Bogleheads 2013 Hedgefund Contest
What you did there: I see it.livesoft wrote:Fiscal Cliff Joy Fund
Long:
FIZZ
CALL
Short:
CLF
JOY
Re: Bogleheads 2013 Hedgefund Contest
Black Hole Capital Fund:
Long:
SGEN
CAB
Short:
NFLX
BKS
Long:
SGEN
CAB
Short:
NFLX
BKS
Re: Bogleheads 2013 Hedgefund Contest
Dyspepsia Fund
long
EAT
FAST
short
GET
GAS
** GET is in your Russel 3000 list but seems to have changed ticker symbol to RHP
long
EAT
FAST
short
GET
GAS
** GET is in your Russel 3000 list but seems to have changed ticker symbol to RHP