HedgeSynergy.com - Performance Charts

2019 Q3 — Quarterly Hedge Fund Performance - Friday 06/28 to Friday 09/27

On June 28, 2019 the short stock portfolio contained 32 stocks so the short portfolio was 32% of fund equity and the long stock portfolio was 100% of fund equity. This made the net exposure of the fund 68% and the gross exposure 132%. As of July 26, 2019 (white vertical line) the short portfolio contained 35 stocks the short portfolio was 35% of fund equity which decreased the net exposure to 65% and increased the gross exposure to 135%. As of August 30, 2019 (red vertical line) the short portfolio contained 43 stocks to the short portfolio ws 43% of fund equity which decreased the net exposure to 56% and increased the gross exposure to 143%.

2019 Q2 — Quarterly Hedge Fund Performance - Friday 03/29 to Friday 06/28

On March 29, 2019 the short stock portfolio contained 24 stocks so the short portfolio was 24% of fund equity and the long stock portfolio was 100% of fund equity. This made the net exposure of the fund 76% and the gross exposure 124%. As of April 26, 2019 (white vertical line) the short portfolio contained 25 stocks so the short portfolio was 25% of fund equity which decreased the net exposure to 75% and increased the gross exposure to 135%. As of May 31, 2019 (red vertical line) the short portfolio contained 33 stocks so the short portfolio was 33% of fund equity which decreased the net exposure to 67% and increased the gross exposure to 133%.

2019 Q1 — Quarterly Hedge Fund Performance - Friday 12/28 to Friday 03/29

On December 28, 2018 the short stock portfolio contained 46 stocks so the short portfolio was 46% of fund equity and the long stock portfolio was 100% of fund equity. This made the net exposure of the fund 54% and the gross exposure 146%. As of February 1, 2019 (white vertical line) the short portfolio contained 25 stocks so the short portfolio was 25% of fund equity which increased the net exposure to 75% and decreased gross exposure to 125%. As of March 1, 2019 (red vertical line) the short portfolio contained 23 stocks so the short portfolio was 23% of fund equity which increased the net exposure to 76% and decreased gross exposure to 123%.

2018 Q4 — Quarterly Hedge Fund Performance - Friday 09/28 to Friday 12/28

On September 28, 2018 the short stock portfolio contained 18 stocks so the short portfolio was 18% of fund equity and the long stock portfolio was 100% of fund equity. This made the net exposure of the fund 82% and the gross exposure 118%. As of November 2, 2018 (white vertical line) the short portfolio contained 34 stocks and so the short portfolios was increased to 34% of fund equity which decreased the net exposure to 66% and increased the gross exposure to 134%. As of November 30, 2018(red vertical line) the short portfolio contained 39 stocks so the short portfolio was increased to 39% of fund equity which decreased the net exposure to 61% and increased net exposure to 139%.

2018 Q3 — Quarterly Hedge Fund Performance - Friday 06/29 to Friday 09/28

On June 29, 2018 the short stock portfolio was 30% of fund equity and the long stock portfolio was 100% of fund equity. This made the net exposure of the fund 70% and the gross exposure 130%

On August 31, 2018 the short stock portfolio contained 13 stocks so the portfolio went to 13% of fund equity (white line). This made the net exposure of the fund 87% and the gross exposure 113%.

2018 Q2 — Quarterly Hedge Fund Performance - Thursday 03/29 to Friday 06/29

On March 29, 2018 the short stock portfolio was 30% of fund equity and the long stock portfolio was 100% of fund equity. This made the net exposure of the fund 70% and the gross exposure 130%.

2018 Q1 — Quarterly Hedge Fund Performance - Friday 12/29 to Thursday 03/29

On December 29, 2017 the short stock portfolio was 30% of fund equity and the long stock portfolio was 100% of fund equity. This made the net exposure of the fund 70% and the gross exposure 130%.

2017 Q4 — Quarterly Hedge Fund Performance - Friday 09/29 to Friday 12/29

On September 29, 2017 the short stock portfolio was 30% of fund equity and the long stock portfolio was 100% of fund equity. This made the net exposure of the fund 70% and the gross exposure 130%.

2017 Q3 — Quarterly Hedge Fund Performance - Friday 06/30 to Friday 09/29

On June 30, 2017 the short stock portfolio was 30% of fund equity and the long stock portfolio was 100% of fund equity. This made the net exposure of the fund 70% and the gross exposure 130%.

2017 Q2 — Quarterly Hedge Fund Performance - Friday 03/31 to Friday 06/30

On March 29, 2017 the short stock portfolio was 30% of fund equity and the long stock portfolio was 100% of fund equity. This made the net exposure of the fund 70% and the gross exposure 130%.

2017 Q1 — Quarterly Hedge Fund Performance - Friday 12/30 to Friday 03/31

On December 30, 2016 the short stock portfolio was 30% of fund equity and the long stock portfolio was 100% of fund equity. This made the net exposure of the fund 70% and the gross exposure 130%.

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

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 net exposure of the fund 70% and the gross exposure 130%.

2016 Q3 — Quarterly Hedge Fund Performance - Friday 07/01 to Friday 09/30

On July 1, 2016 the short stock portfolio was 30% of fund equity and the long stock portfolio was 100% of fund equity. This made the net exposure of the fund 70% and the gross exposure 130%.

2016 Q2 — Quarterly Hedge Fund Performance - Friday 04/01 to Friday 07/01

On April 1, 2016 the short stock portfolio was 30% of fund equity and the long stock portfolio was 100% of fund equity. This made the net exposure of the fund 70% and the gross exposure 130%.

2016 Q1 — Quarterly Hedge Fund Performance - Friday 01/01 to Friday 04/01

On January 1, 2016 the short stock portfolio was 60% of fund equity and the long stock portfolio was 100% of fund equity. This made the net exposure of the fund 40% and the gross exposure 160%. As of February 12, 2016 (white vertical line) the short portfolio was decreased to 40% and the long stock portfolio was 100% which increased the net exposure from 40% to 60% and decreased the gross exposure to 140%.

2015 Q4 — Quarterly Hedge Fund Performance - Friday 10/02 to Friday 01/01

On October 2, 2015 the short stock portfolio was 60% of fund equity and the long stock portfolio was 100% of fund equity. This makes the net exposure of the fund 40% and the gross exposure 160%.

2015 Q3 — Quarterly Hedge Fund Performance - Friday 6/26 to Friday 10/2

On June 26, 2015 the short stock portfolio was 60% of fund equity and the long stock portfolio was 100% of fund equity. This makes the net exposure of the fund 40% and the gross exposure 160%.

2015 Q2 — Quarterly Hedge Fund Performance

On March 27, 2015 the short stock portfolio was 60% of fund equity and the long portfolio was 100% of fund equity. This makes the net exposure of the fund 40% and the gross exposure 160%.

2015 Q1 — Quarterly Hedge Fund Performance

On January 2, 2015 the short stock portfolio was 60% of fund equity and the long portfolio was 100% of fund equity. This makes the net exposure of the fund 40% and the gross exposure 160%.

2014 Q4 — Quarterly Hedge Fund Performance

On September 26, 2014 the short stock portfolio was 60% of fund equity and the long portfolio was 100% of fund equity. This makes the net exposure of the fund 40% and the gross exposure 160%.

2014 Q3 — Quarterly Hedge Fund Performance

On June 30, 2014 the short stock portfolio was 35% of fund equity and the long portfolio was 100% of fund equity. This makes the net exposure of the fund 65% and the gross exposure 135%.

2014 Q2 — Quarterly Hedge Fund Performance

On March 31, 2014 the short stock portfolio was 60% of fund equity and the SPDR S&P 500 ETF (SPY) long portfolio was 100% of fund equity. This makes the net exposure of the fund 40% and the gross exposure 160%. On May 9, 2014 (white line) the short portfolio was reduced to 35%. This makes the net exposure 65% and the gross exposure 135%.

2014 Q1 — Quarterly Hedge Fund Performance

On December 31, 2013, the short stock portfolio was 90% of fund equity, the long stock portfolio was 30% of fund equity and the ProShares Ultra S&P 500 ETF (SSO) was 30% of fund equity. Since the SSO ETF has a built-in leverage of 2 to 1 the long exposure of the SSO ETF is twice the percentage of fund equity invested in the SSO ETF. This give the SSO ETF 60% exposure and with the 30% exposure of the long stock portfolio the total exposure of the long portfolio is 90%. This makes the net exposure of the fund 0% and the gross exposure 180%.

On February 14, 2014 (white vertical line on chart) the long stock portfolio was dropped and the long portfolio became 100% ProShares Ultra S&P 500 ETF (SSO). Since the SSO ETF has a built-in leverage of 2 to 1 the long exposure of the SSO ETF is twice the percentage of the fund equity invested in the SSO ETF. Because of this the ratio of the long and short portfolios needs to be adjusted with the short stock portfolio being changed to 80% of fund equity and the long SSO ETF portfolio being changed to 60% of fund equity. This gives the SSO ETF long portfolio 120% exposure and makes the net exposure of the fund 40% and the gross exposure 200%

2013 Q4 — Quarterly Hedge Fund Performance

On September 30, 2013, the short stock portfolio was 80% of fund equity, the long stock portfolio was 40% of fund equity and the ProShares Ultra S&P 500 ETF (SSO) was 40% of fund equity. Since the SSO ETF has a built-in leverage of 2 to 1 the long exposure of the SSO ETF is twice the percentage of fund equity invested in the SSO ETF. This give the SSO ETF 80% exposure and with the 40% exposure of the long stock portfolio the total exposure of the long portfolio is 120%. This makes the net exposure of the fund 40% and the gross exposure 200%.

2013 Q3 — Quarterly Hedge Fund Performance

At the beginning of the third quarter, 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%.

2013 Q2 — Quarterly Hedge Fund Performance

At the beginning of the second quarter, the long portfolio was 100% of equity and the short portfolio was 50% of equity for a net exposure of 50% and a gross exposure of 150%.

2013 Q1 — Quarterly Hedge Fund Performance

At the beginning of the first quarter, the long portfolio was 130% of equity and the short portfolio was 30% of equity for a net exposure of 100% and a gross exposure of 160%.

2012 Q4 — Quarterly Hedge Fund Performance

At the beginning of the fourth quarter, the long portfolio was 130% of equity and the short portfolio was 30% of equity for a net exposure of 100% and a gross exposure of 160%.

2012 Q3 — Quarterly Hedge Fund Performance

At the beginning of the third quarter, the long portfolio was 130% of equity and the short portfolio was 30% of equity for a net exposure of 100% and a gross exposure of 160%.

2012 Q2 — Quarterly Hedge Fund Performance

At the beginning of the second quarter, 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%.

2012 Q1 — Quarterly Hedge Fund Performance

At the beginning of the first quarter, the long portfolio was 100% of equity and the short portfolio was 60% of equity for a net exposure of 40% and a gross exposure of 160%.

2011 Q4 — Quarterly Hedge Fund Performance

On October 1st, the beginning of the fourth quarter, the long portfolio was 100% of equity and the short portfolio was 60% of equity for a net exposure of 40% and a gross exposure of 160%. On October 21st (white vertical line) the long/short portfolio ratio was changed to 2.2 to 1 with the long portfolio at 110% of equity and the short portfolio at 50% of equity for a net exposure of 60% and a gross exposure of 160%.

2011 Q3 — Quarterly Hedge Fund Performance

On July 1st, the beginning of the third quarter, 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%.

2011 Q2 — Quarterly Hedge Fund Performance

On April 1st, the beginning of the second quarter, the long portfolio was 80% of equity and the short portfolio was 45% of equity for a net exposure of 35% and a gross exposure of 125%.

2011 Q1 — Quarterly Hedge Fund Performance

On January 1st, the beginning of the first quarter, the long portfolio was 80% of equity and the short portfolio was 45% of equity for a net exposure of 35% and a gross exposure of 125%.

2010 Q4 — Quarterly Hedge Fund Performance

On October 1st, the beginning of the quarter, the long portfolio was 100% of equity and the short portfolio was 50% of equity for a net exposure of 50% and a gross exposure of 150%. On October 22nd (white vertical line) the long/short portfolio ratio was changed to 1 to 1 with the long portfolio at 80% of equity and the short portfolio at 80% of equity for a net exposure of 0% and a gross exposure of 160%.

2010 Q3 — Quarterly Hedge Fund Performance

On July 1st , the beginning of the quarter, the long and short portfolios were both 80% of equity for a net exposure of 0% and and a gross exposure of 160%. On July 23rd (the white vertical line) the long/short portfolio ratio was changed to 2 to 1 with the long portfolio at 100% of equity and the short portfolio at 50% of equity. On October 1st,

2010 Q2 — Quarterly Hedge Fund Performance

On March 31st, the beginning of the quarter, the long and short portfolios were both 80% of equity for a net exposure of 0% and and a gross exposure of 160%.

2010 Q1 — Quarterly Hedge Fund Performance

The quarter started with the long portfolio 75% of equity and the short portfolio 25% of equity for a long/short portfolio ratio of 3 to 1. On January 29th (the white vertical line) the long/short portfolio ratio was changed to 2 to 1 with the long portfolio at 80% of equity and the short portfolio at 40% of equity.

2009 Q4 — Quarterly Hedge Fund Performance

The begriming of the quarter started with the long portfolio 75% of equity and the short portfolio 25% of equity for a long/short portfolio ratio of 3 to 1 and the long portfolio was switched from the long stock portfolio to the Vanguard 500 index fund.

2009 Q3 — Quarterly Hedge Fund Performance

The quarter started with the long portfolio 75% of equity and the short portfolio 25% of equity for a long/short portfolio ratio of 3 to 1. On September 11 (the blue vertical line) the long portfolio was switched from the Vanguard 500 index fund to a long stock portfolio.

2009 Q2 — Quarterly Hedge Fund Performance (May 29 to June 30)

On May 29, 2009 the virtual Hedge Synergy Fund net exposure was adjusted from 80% net exposure to 50% net exposure, the gross exposure was adjusted from 200% gross exposure to 100% gross exposure. This made the long portfolio 75% of equity and the short portfolio 25% of equity for a long/short portfolio ratio of 3 to 1.

2009 Q2 — Quarterly Hedge Fund Performance (March 31 to May 29)

On May 29, 2009 the virtual Hedge Synergy Fund net exposure was adjusted from 80% net exposure to 60% net exposure, the gross exposure was adjusted from 200% gross exposure to 100% gross exposure.

2009 Q1 — Quarterly Hedge Fund Performance

On March 13, 2009 (the white line) the virtual Hedge Synergy Fund net exposure was adjusted from 40% net exposure to 80% net exposure.

2008 Q4 — Quarterly Hedge Fund Performance

On October 10, 2008 (the white line) the net exposure was adjusted from 0% net exposure to 40% net exposure, the gross exposure was adjusted from 180% gross exposure to 200% gross exposure and the Long Portfolio consisting of the Vanguard 500 index fund was replaced with a long stock portfolio of 50 stocks. On October 14, 2008 I reverted back to using the Vanguard 500 index fund for the long portfolio.

2008 Q3 — Quarterly Hedge Fund Performance

On July 18, 2008 (white line) the long stock portfolio was replaced by the Vanguard 500 index fund.

The NAV drawdown during the 3rd quarter was due to the energy/commodity long stocks crashing and the financial short stocks rallying. The strong recovery by the NAV at the end of the quarter was due to the financial short stocks crashing for a second time.

2008 Q2 — Quarterly Hedge Fund Performance

On May 16, 2008 I changed my portfolio management strategy from using a series of 8 two-year portfolios to using a single long portfolio and a single short portfolio.

The strong performance of the NAV at the end of the quarter was due to the financial short stocks crashing while the energy/commodity long stocks showed a positive gain.

2008 Q1 — Quarterly Hedge Fund Performance

On January 22, 2008 I switched from being long growth stocks and short value stocks to being long value stocks and short growth stocks.

2007 Q4 — Quarterly Hedge Fund Performance

On November 12, 2007 I switched from the longs being 144% of equity and the shorts being 36% of equity to the longs being 90% of equity and the shorts being 90% of equity.