Hedge Synergy

Performance of the Hedge Synergy Gross Returns, NAV, Long Portfolio, Short Portfolio and S&P 500

Hedge Synergy is a virtual long/short equity 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 (net returns after deducting Performance/Asset Fee), long portfolio, short portfolio and the S&P 500. For an explanation of my methodology please see Hedge Strategy.

The above chart also illustrates how much a hedge fund manager earns in relation to what the investors earn. The dotted blue line is the gross return of the virtual Hedge Synergy Fund. The solid blue line is the NAV or net return after deducting the Performance/Asset fee. The difference between the two lines represents the amount of return that has accrued to the virtual hedge fund manager. As of March 13, 2015 the virtual hedge fund manager has received approximately 36% of the total virtual Hedge Synergy Fund returns (unfortunately, you can't spend virtual returns).


2016 Q4 Quarterly Hedge Fund Performance - Friday 09/30 to Friday 12/30

The above chart shows the performance of the virtual Hedge Synergy Fund NAV (net returns after deducting Performance/Asset Fee), Hedge Synergy Fund Gross returns, Long Portfolio, Short Portfolio and the S&P 500 for the fourth quarter of 2016. On September 30, 2016, the short stock portfolio was 30% of fund equity and the long stock portfolio was 100% of fund equity. This made the funds net exposure 70% and the gross exposure 130%.



 

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



 2016 Q4 - Friday 09/30 to Friday 12/30
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