Hedge Fund Performance
Performance of the Hedge Synergy NAV, Long Portfolios, Short Portfolios and S&P 500
Hedge Synergy is a virtual model hedge fund which was started on October 1, 2004. The web site was launched April 23, 2005 and is updated weekly (see Barron's classified ads 4/25/05 page MW6). The above chart shows the returns of the virtual Hedge Synergy Fund NAV, long portfolios, short portfolios and the S&P 500. For an explanation of my methodology please see Hedge Strategy.


2012 Q2 — Quarterly Hedge Fund Performance
Quarterly Performance Chart
The above chart shows the performance of the virtual Hedge Synergy Fund NAV, Long Portfolio, Short Portfolio and the S&P 500 for the second quarter of 2012. On April 1st the long portfolio was 80% of equity and the short portfolio was 80% of equity for a net exposure of 0% and a gross exposure of 160%.


* The portfolio market capitalization statistics are calculated at the time the current portfolios are formed.


Hedge Fund Indexes
The above chart compares the monthly Hedge Synergy NAV to the return of an investment in T-Bills, the S&P 500, and the Long/Short Greenwich Global, Hennessee, Barclay, Credit Suisse/Tremont Hedge Fund Indexes. The T-Bill return is based on monthly compounding using the average of the current month's daily T-Bill rate which is then divided by 12.





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2012 Q1
The above table shows the returns of the individual Long and Short Portfolios for the current quarter. To review the returns of the previous quarters, please go to to the Portfolio Returns web page.


Drawdown of the Hedge Synergy Fund NAV and the S&P 500


Performance of the Hedge Synergy Fund NAV Relative to the S&P 500