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HSGFX couldn't make a dime on a day like this.

hank
edited April 2016 in Off-Topic
Dow down 200. HSGFX flat. Off .86% YTD and down (looking back) as far as the eye can see. Fund is widely regarded as a bear fund - so should have risen.

There must be some lessons to be learned from this ill-fated fund?

Don't mean to pick on Dr. Hussman. But happen to watch a number of funds I don't own to gain a better sense of how different investment styles behave under varrying conditions (did own HSGFX many years ago). This one defies explanation.

Comments

  • MarkMark
    If I'm reading the holdings correctly this fund appears to be a big pile of almost nothing. The 53.8% equity portion looks almost entirely shorted by written call options leaving a 44.5% cash position to do what exactly? And people get paid for this.
  • hank
    edited April 2016
    Thanks Mark. Now .. if he was shorting energy and gold it might make sense. But he keeps gold in his HSTRX and so it's unlikely he'd short it in this fund.

    (Oops - I know he doesn't technically short stocks. But his call options appear to have a similar effect)

    Added: However, It's interesting that Lipper now has the fund classified as Equity Long/Short
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