There is no doubt about it 2015 will be viewed as a very tough year for most investors. Most of the large hedge funds were not immune to losing money with many of them going out of business. This is in sharp contrast to the easy money years of 2009 through 2014 when the Fed was dropping rates and printing money like it was going out of style.
Today I'm going to be looking at the World Cup Portfolio and see how it performed quarter by quarter market by market. The World Cup Portfolio was not immune to the challenges of 2015, but it did finish the year in the black.
While the World Cup Portfolio showed a positive return at the end of 2015, it was the lowest return that the portfolio has had since its inception. The 19.4% return for the year while positive and still very respectable by most measurements was somewhat disappointing by our standards.
So let's go through the markets quarter by quarter and see how the WCP was able to show a positive return when many others didn't. [Read more...]