by Maz Jadallah
Commentary (UPDATED: 3/17/2010)
As of last rebalance on 2/19/2010, the Tiger Cubs TOP10 Popularity Clone had nine of ten holdings attributed to either the financials or technology sectors (4 finanicals, 5 technology, 1 basic materials). Since rebalance, the financials have edged out technology holdings, returning 9% on average vs. 6% for technology. The clone's one basic materials stock is down nearly 7% since last rebalance. The long only version of the clone continues to perform on par with the market for the year-to-day and one year periods while significantly outperforming the market over the medium and long term.
Investment Objective
The AlphaClone TOP10 Popularity Clone was developed for investors seeking aggressive long term capital appreciation potential with similar risk and volatility as the stock market.
Strategy
The clone seeks to invest quarterly in the ten most popular (widely held) stocks that are also ranked as a top 20 holding amongst a group of fund managers selected by AlphaClone.
Group Description
The Tiger Cubs group combines and clones the collective intelligence of eighteen hedge funds all of whom are or were affiliated with Tiger Fund Management - a well known hedge fund "seeder". Amongst the funds included are: Blue Ridge Capital, Lone Pine Capital, Maverick Capital, Tiger Global and Valinor Capital.
General Stats
- Update frequency: quarterly, last rebalance on 2/19/2010
- Turnover in group disclosures: 49.4% (avg. last four quarters)
- Clone Turnover: 32.5% (avg. last four quarters)
- No. of clone holdings: up to 10
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