Ivory Asset Management

Posted by: Pro

Updated:
03.27.07
Views:
User Rating:
3.64/14
TheStreet Rating:
B-
RATE NOW
Log in to rate this portfolio
Follow
Log in to follow

Description:

A very low volatile hedge fund. Since 1998 they've had an average annualized return of 14% with their worst month being only down 2.6%. Barrons featured an interview with Ivory founder Curtis Macnguyen.

Part of the reason for Ivory's success is mentioned in the article:

"The low volatility is no accident. At Ivory, he's created a system that reports his portfolio's exposure to more than 30 different risk factors, ranging from stock-market capitalization to the price of commodities. The system allows Macnguyen (pronounced 'Mac-win') to ensure that his portfolio isn't biased by a market mania that might unwind badly. Earlier this year, for example, he avoided the heavy bet on commodity prices that had become fashionable. As a result, he underperformed many hedge funds in January, but outperformed them in May when oil prices fell.
By foregoing bets on trends that he feels he can't predict, Macnguyen expects to win or lose on the merits of his stock-picking.
"We not only want to be great at picking stocks; we want to make sure that our portfolio doesn't have a lot of unintended bets," Macnguyen says.

As of 12/31/06

Add Comment

Add Comment

Most Viewed Portfolios

View All

Articles

8 Stocks Rising on Huge Volume

02.15.12 | 02:42 PM

WINDERMERE, Fla. (Stockpickr) -- Professional traders that run mutual funds and hedge funds don’t just look at a stock’s price moves; they also...

5 Stocks Poised for Breakouts

02.15.12 | 01:18 PM

WINDERMERE, Fla. (Stockpickr) -- U.S. stocks are stuck in a tight trading range today as market players digest news that China plans to stick to it...