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Covertibility
Registered: Aug 2003
Posts: 3851 |
02-23-12 04:48 PM
Don't own it, think the guy is nothing more than a charlatan with an economics degree who can write tales of woe, but this has to be the most absurd fund ever created. Check out the chart. This growth fund is heading back toward its 2008 low.
I don't think there has ever been a US invested growth fund that has gone sideways with the SP500 and the Nasdaq being up over 50% during the same span.
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Specterx
Registered: Dec 2007
Posts: 1126 |
02-23-12 07:48 PM
Still managed around 6%/year since 2000 - far better than SPX or nasdaq.
When all's said and done I suspect Hussman will have the last laugh over all those relying on the Fed to keep their investments afloat - but certainly there are other managers who seem more suited to navigating the present situation, and I don't invest in his fund.
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Covertibility
Registered: Aug 2003
Posts: 3851 |
07-19-12 12:12 AM
Per Morningstar.com
Hussman Strategic Growth HSGFX
YTD 1 yr 3yr* 5yr* 10*
HSGFX -8.05 -6.61 -4.75 -2.39 2.46
+/- S&P 500 TR -17.75 -12.55 -20.31 -2.03 -3.82
*Annualized returns
And for his defenders, Start at the 6th spot in commentary and you can see, only fools would give this guy money.
Perhaps he should go back to academia and just regurgitate the textbooks.
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billyjoerob
Registered: Jul 2009
Posts: 688 |
07-19-12 07:11 PM
He came out at the right time, which is key. The fund was launched at the height of the internet bubble, which gave him a few years of outperformance as he hedged positions. Back out those initial years and the return has been sub-par.
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newwurldmn
Registered: Apr 2011
Posts: 2612 |
07-19-12 07:42 PM
Quote from billyjoerob:
http://finance.yahoo.com/echarts?s=...091229;compare=^gspc;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Looks like he hedged the crash, took off the hedge (and lost over 30%), then put the hedge back on. Basically a market timing fund. Nothing wrong with that, but he's a permabear WHO MISSED THE CRASH. That must be soooooo frustrating.
How does a permabear manage to lose like 30% (eyeballing it) in 2008?
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