AlphaClone's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/352194/comments http://seekingalpha.com/article/634131/comments?source=feed#comment-6098951 6098951
http://bit.ly/Lt4p5i

As far as the index, the investor kit includes the guidelines document for the index. You can also learn more about the index by simply downloading our white paper entitled "A Case For Alternative Alpha" here:

http://bit.ly/M5tk1A

One point of clarification - the fund's prospectus gives the fund the flexibility to use a sampling approach if the fund advisor (Exchange Traded Concepts) determines that is the best way to track the index. However, since the index invests in US exchange traded securities, the fund will generally hold the exact same holdings as the index. Hope that clarifies.

Don't hesitate to contact me if you have questions or further comments.]]> Mon, 04 Jun 2012 14:47:15 -0400
http://bit.ly/Lt4p5i

As far as the index, the investor kit includes the guidelines document for the index. You can also learn more about the index by simply downloading our white paper entitled "A Case For Alternative Alpha" here:

http://bit.ly/M5tk1A

One point of clarification - the fund's prospectus gives the fund the flexibility to use a sampling approach if the fund advisor (Exchange Traded Concepts) determines that is the best way to track the index. However, since the index invests in US exchange traded securities, the fund will generally hold the exact same holdings as the index. Hope that clarifies.

Don't hesitate to contact me if you have questions or further comments.]]> http://seekingalpha.com/instablog/3452-scott-s-investments/59146-a-5-stock-portfolio-that-crushes-the-s-p-500-with-lower-volatility?source=feed#comment-1917539 1917539 http://bit.ly/ogkOng

Please contact us directly if you have further questions. http://bit.ly/qNNvHb]]> Mon, 19 Sep 2011 12:07:45 -0400 http://bit.ly/ogkOng

Please contact us directly if you have further questions. http://bit.ly/qNNvHb]]> http://seekingalpha.com/instablog/3452-scott-s-investments/59146-a-5-stock-portfolio-that-crushes-the-s-p-500-with-lower-volatility?source=feed#comment-1908406 1908406
Stock A = 6 holders
Stock B = 3 holders
Stock 3 = 3 holders

Weight Stock A = 6/12 = 50%
Weight Stock B = 3/12 = 25%
Weight Stock C = 3/12 = 25%

In terms of selecting between stocks with the same number of holders, we break ties based on the "quarter over quarter dollar change in market value" across all holders in the group. So for example if Maverick and Eminence held Google for a combined market value of $456.8 billion in Q1 2011, and Lone Pine, Blue Ridge and Eminence (but not Maverick) held Google in Q2 2011 for a combined market value $693.2 billion, the Q/Q dollar change would be $236 billion.]]> Thu, 15 Sep 2011 08:27:52 -0400
Stock A = 6 holders
Stock B = 3 holders
Stock 3 = 3 holders

Weight Stock A = 6/12 = 50%
Weight Stock B = 3/12 = 25%
Weight Stock C = 3/12 = 25%

In terms of selecting between stocks with the same number of holders, we break ties based on the "quarter over quarter dollar change in market value" across all holders in the group. So for example if Maverick and Eminence held Google for a combined market value of $456.8 billion in Q1 2011, and Lone Pine, Blue Ridge and Eminence (but not Maverick) held Google in Q2 2011 for a combined market value $693.2 billion, the Q/Q dollar change would be $236 billion.]]> http://seekingalpha.com/article/260881/comments?source=feed#comment-1564029 1564029 Fri, 01 Apr 2011 08:18:17 -0400 http://seekingalpha.com/article/260881/comments?source=feed#comment-1559886 1559886 Wed, 30 Mar 2011 13:07:16 -0400 http://seekingalpha.com/article/243914/comments?source=feed#comment-1382472 1382472 blog.alphaclone.com. We don't blindly copy anybody, that's what the backtests are all about. Also we combine multiple manager's into groups and then backtest "collective" investment strategies. Following groups of managers reduces single manager exposure and those strategies are unique to AlphaClone. Also, we can wax philosophical all day about our approach vs. others but the simple fact is our performance results are transparent and they speak for themselves.]]> Sat, 01 Jan 2011 11:35:13 -0500 blog.alphaclone.com. We don't blindly copy anybody, that's what the backtests are all about. Also we combine multiple manager's into groups and then backtest "collective" investment strategies. Following groups of managers reduces single manager exposure and those strategies are unique to AlphaClone. Also, we can wax philosophical all day about our approach vs. others but the simple fact is our performance results are transparent and they speak for themselves.]]> http://seekingalpha.com/article/243914/comments?source=feed#comment-1380867 1380867
The problem Albert is that while this is a public forum and you are certainly entitled to your opinion, the implicit agreement in participating in the discussion is that you make a good faith effort to substantiate your claims. Your comments that our data "is not clean" is really amazing given that you haven't taken the time to analyze it nor it seems did you even know who the source of the data was when you made that statement. Our backtests are critical because they reveal how you the investor would have performed assuming you are rebalancing your portfolio every quarter at prevailing prices AFTER disclosure has been made. Your other comments also misunderstand the objective of cloning which is to replicate the manager's long alpha, not his entire strategy which is impossible to do using just public information. That's why our manager universe is focused on fundamentals oriented managers as opposed to quant or macro strategies. We then use simple or dynamic hedges to manage downside volatility. Hope this helps you grasp a better understanding of our approach. ]]> Fri, 31 Dec 2010 08:45:09 -0500
The problem Albert is that while this is a public forum and you are certainly entitled to your opinion, the implicit agreement in participating in the discussion is that you make a good faith effort to substantiate your claims. Your comments that our data "is not clean" is really amazing given that you haven't taken the time to analyze it nor it seems did you even know who the source of the data was when you made that statement. Our backtests are critical because they reveal how you the investor would have performed assuming you are rebalancing your portfolio every quarter at prevailing prices AFTER disclosure has been made. Your other comments also misunderstand the objective of cloning which is to replicate the manager's long alpha, not his entire strategy which is impossible to do using just public information. That's why our manager universe is focused on fundamentals oriented managers as opposed to quant or macro strategies. We then use simple or dynamic hedges to manage downside volatility. Hope this helps you grasp a better understanding of our approach. ]]> http://seekingalpha.com/article/244079/comments?source=feed#comment-1379469 1379469 Thu, 30 Dec 2010 12:05:41 -0500 http://seekingalpha.com/article/243914/comments?source=feed#comment-1379123 1379123 Thu, 30 Dec 2010 09:59:31 -0500 http://seekingalpha.com/article/243914/comments?source=feed#comment-1378181 1378181 Wed, 29 Dec 2010 18:22:57 -0500 http://seekingalpha.com/article/229228/comments?source=feed#comment-1250745 1250745 Sun, 10 Oct 2010 23:05:14 -0400 http://seekingalpha.com/article/212913/comments?source=feed#comment-1109985 1109985 Mon, 12 Jul 2010 18:15:22 -0400 http://seekingalpha.com/article/203354/comments?source=feed#comment-1012329 1012329
1. Yes
2. Yes, our popularity strategy requires that at least two funds hold a security before it can be characterized as "popular". The security must also appear in a fund's largest twenty positions for it to count.
3. No, we use public disclosures filed quarterly with the SEC. Our system automatically ingests filings, matches securities, creates clone portfolios and runs ten year backtests.
4. You can use our system to customize your backtests across several attributes but the clone in the article above is "popularity weighted", rebalanced quarterly, long only and avoids survivor bias because it includes the effects of currently inactive securities.

I would encourage you to visit our site to learn more about how we construct and backtest clones. alphaclone.com]]> Fri, 07 May 2010 10:33:32 -0400
1. Yes
2. Yes, our popularity strategy requires that at least two funds hold a security before it can be characterized as "popular". The security must also appear in a fund's largest twenty positions for it to count.
3. No, we use public disclosures filed quarterly with the SEC. Our system automatically ingests filings, matches securities, creates clone portfolios and runs ten year backtests.
4. You can use our system to customize your backtests across several attributes but the clone in the article above is "popularity weighted", rebalanced quarterly, long only and avoids survivor bias because it includes the effects of currently inactive securities.

I would encourage you to visit our site to learn more about how we construct and backtest clones. alphaclone.com]]> http://seekingalpha.com/article/186285/comments?source=feed#comment-888772 888772 Mon, 08 Feb 2010 23:30:02 -0500 http://seekingalpha.com/article/165648/comments?source=feed#comment-711053 711053 alphaclone.com.]]> Fri, 09 Oct 2009 19:42:03 -0400 alphaclone.com.]]> http://seekingalpha.com/article/165001/comments?source=feed#comment-705349 705349 Tue, 06 Oct 2009 13:07:01 -0400 http://seekingalpha.com/article/129862/comments?source=feed#comment-456518 456518
Great question. Both portfolios had lower max drawdowns than the S&P 500 Total Return Index. Since 2000, the Concentrated Funds Top 10 Popularity clone had a max drawdown of -44.1%, the Tiger Cubs Top 10 Popularity clone had a max drawdown of -47.4% and the S&P500 Total Return Index had a max drawdown of -50.9%. If you are concerned about volatility AlphaClone lets you view several hedged versions on any clone.]]> Wed, 08 Apr 2009 13:35:29 -0400
Great question. Both portfolios had lower max drawdowns than the S&P 500 Total Return Index. Since 2000, the Concentrated Funds Top 10 Popularity clone had a max drawdown of -44.1%, the Tiger Cubs Top 10 Popularity clone had a max drawdown of -47.4% and the S&P500 Total Return Index had a max drawdown of -50.9%. If you are concerned about volatility AlphaClone lets you view several hedged versions on any clone.]]> http://seekingalpha.com/article/117682/comments?source=feed#comment-378184 378184
blog.alphaclone.com/al...

In a nutshell each illustrations attempts to summarize key information about each clone. For example, in the last example above:

* The clone is based on the Best 2 Ideas amongst all hedge funds in AlphaClone's database filtered to include Energy Sector picks only.
* The clone buys the two largest new positions each quarter. Positions are sold when they no longer appear as a holding in SEC filings submitted by hedge fund managers in the group.
* The clone had 50 positions in the most recent quarter and is long only.
* The clone's return performance YTD is 7% compared to -7.3% for the S&P 500 Total Return Index.
* The clone's maximum drawdown YTD is -10.9% compared to -7.7% for the index.

Hope this helps.]]> Fri, 06 Feb 2009 09:50:50 -0500
blog.alphaclone.com/al...

In a nutshell each illustrations attempts to summarize key information about each clone. For example, in the last example above:

* The clone is based on the Best 2 Ideas amongst all hedge funds in AlphaClone's database filtered to include Energy Sector picks only.
* The clone buys the two largest new positions each quarter. Positions are sold when they no longer appear as a holding in SEC filings submitted by hedge fund managers in the group.
* The clone had 50 positions in the most recent quarter and is long only.
* The clone's return performance YTD is 7% compared to -7.3% for the S&P 500 Total Return Index.
* The clone's maximum drawdown YTD is -10.9% compared to -7.7% for the index.

Hope this helps.]]>