Some might call the performance of the different asset classes we track a wash in 2015, as six of the top eight strategies finished within roughly 4% of each other after twelve months. U.S. Real Estate ETF ($IYR) was the only asset class to make gains in December (besides cash) which proved enough to finish on top in 2015.
Managed Futures seemed to squeak out just enough to remain a scant two basis points above the red in 2015, while Commodities continued its major downward move, finishing down -33.47% in 2015, marking two straight years of finishing below -30% (Disclaimer: Past performance is not necessarily indicative of future results).
For more on how and why Managed Futures performed the way it did, be on the lookout for the 2015 strategy review coming out soon.
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Prentice Capital Long/ Short Equity Fund was up 2.7% net for the third quarter. Year to date through the end of September, the fund is up 21.9% net. The S&P 500 was up 8.9% for the third quarter and 5.6% for the first nine months of the year. Q3 2020 hedge fund letters, conferences and Read More
(Disclaimer: past performance is not necessarily indicative of future results.)
Source: All ETF performance data from Morningstar.com
Sources: Managed Futures = Newedge CTA Index, Cash = 13 week T-Bill rate,
Bonds = Vanguard Total Bond Market ETF (BND),
Hedge Funds= IQ Hedge Multi-Strategy (QAI)
Commodities = iShares GSCI ETF (GSG);
Real Estate = iShares DJ Real Estate ETF (IYR);
World Stocks = iShares MSCI ACWI ex US Index Fund ETF (ACWX);
US Stocks = SPDR S&P 500 ETF (SPY)