New York (HedgeCo.Net) Over the last month, there have been four new single-strategy models added to the platform the Maxwell Thacher US Equity Yield model, the Maxwell Thacher Global Opportunity model, the Ashbury Behavioral Long Short model and the Innovative Long Short model. As a result of these additions, we are adjusting the mock portfolios to include the new models. However, there are some notations that need to be divulged in order to be fair and honest to our readers.

All of the four new models will be included in the calculations of the all models mock portfolio and adjustments have been made to allocations to reflect the additions on the date that the model went live on the platform. For instance, originally there were 12 models included in the mock portfolio and to calculate the value of the portfolio, $10,000 was allocated to each model. On April 1, when three of the new models were made live, the value of the portfolio at the close on March 31, was then divided by 15 in order to reflect the re-allocation. The fourth new model was made live on May 1 and thus the same procedure was followed by taking the value of the portfolio on April 30 and dividing it by 16 to reflect an equal allocation to all models.

With regard to the top five model mock portfolio and the top 10 model mock portfolio, those will only reflect the 12 original models. We decided it would not be fair to use models in the top five and top 10 YTD calculations when there were only a few months of performance data being reflected in the calculations.

This is the process we will follow when new models are added throughout the year and then we will adjust the calculations to allow for the added models to be calculated in with the other models when it comes to top five and top 10 statuses, once there is sufficient data.

Rick Pendergraft
Research Analyst
HedgeCoVest