New York (HedgeCoVest.com) –
The overall market bounced back last week after a rough week the week before. The S&P gained 1.16% last week while the DOW and NASDAQ lagged the performance of the broader market index with gains of 0.69% and 0.78%, respectively.
The fund manager models on the HedgeCoVest platform had a great week as 11 of the 16 gained ground. The top five models gained 1.96% collectively and the top ten models gained 1.29% collectively, allowing both portfolios to beat the overall market last week.
| Portfolio | Return Week of 7/27/15-7/31/15 | Year To Date Return |
|---|---|---|
| Top 5 HedgeCoVest Models | 1.96% | 6.56% |
| Top 10 HedgeCoVest Models | 1.29% | 1.77% |
| All HedgeCoVest Models | 0.71% | 0.41% |
| S&P 500 | 1.16% | 2.19% |
On a YTD basis, the top five portfolio jumped sharply last week and is now up 6.56% on the year. The top ten portfolio is up 1.77% on the year and is performing similarly to the overall market.
* This comparison is using simulated portfolios of the top five performing models, the top ten performing models and all models on the HedgeCoVest platform. For a complete list of all models and their performance, please visit the platform. The information contained herein does not suggest or imply and should not be construed, in any manner, a guarantee of future performance and/or investment advice. Past performance does not guarantee future results. Returns are historical and based on data believed to be accurate and reliable.
The HedgeCoVest Composite Long-Only models had a great week last week with a gain of 1.95%. The long/short models were able to gain a little ground, but the short-only models took a loss as the overall market was up.
| Portfolio | Return Week of 7/27/15-7/31/15 | Year To Date Return |
|---|---|---|
| HedgeCoVest Composite Long-Only Models | 1.95% | 2.72% |
| HedgeCoVest Composite Long/Short Models | 0.06% | 5.18% |
| HedgeCoVest Composite Short-Only Models | -1.56% | 4.67% |
| S&P 500 | 1.16% | 2.19% |
The YTD numbers for all three portfolios are doing very well with all three beating the overall market. The short-only models and the long/short models have both doubled the performance of the overall market. The long/short portfolio has gained 5.18% on the year while the short-only portfolio has gained 4.67%.
* This comparison is using simulated portfolios of the composite models on the HedgeCoVest platform. For a complete list of all models and their performance, please visit the platform. The information contained herein does not suggest or imply and should not be construed, in any manner, a guarantee of future performance and/or investment advice. Past performance does not guarantee future results. Returns are historical and based on data believed to be accurate and reliable.
