Here is performance of our market-neutral model portfolio over the past
year. The current holdings
are disclosed in the memeber's area. The holding period is four weeks
from the rebalancing dates indicated below.
| 5/23/11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| NCT |
Newcastle Investment Corp. |
430 |
Long |
5.18 |
5.59 |
7.92 |
| NEP |
China North East Petroleum Hl |
135 |
Long |
3.62 |
3.28 |
-9.39 |
| EXM |
Excel Maritime Carriers Ltd |
328 |
Long |
3.13 |
3.08 |
-1.60 |
| SNX |
SYNNEX Corporation |
1,240 |
Long |
33.24 |
30.13 |
-9.36 |
| MBI |
MBIA Inc. |
1,888 |
Long |
8.71 |
8.00 |
-8.15 |
|
|
|
|
|
|
|
| QTWWD |
Quantum Fuel Systems Technolo |
59 |
Short |
3.79 |
3.56 |
6.46 |
| QPSA |
Quepasa Corporation |
99 |
Short |
7.4 |
6.59 |
12.29 |
| MVIS |
Microvision, Inc. |
135 |
Short |
1.24 |
1.23 |
0.81 |
| PLX |
Protalix BioTherapeutics Inc. |
545 |
Short |
6.63 |
6.25 |
6.08 |
| EGO |
Eldorado Gold Corporation (US |
8,351 |
Short |
15.68 |
13.65 |
14.87 |
|
|
|
|
|
|
1.99 |
| 4/25/2011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| NCT |
Newcastle Investment Corp. |
488 |
Long |
6.15 |
5.18 |
-15.77 |
| SNX |
SYNNEX Corporation |
1,180 |
Long |
32.47 |
33.24 |
2.37 |
| EXM |
Excel Maritime Carriers Ltd |
333 |
Long |
3.91 |
3.13 |
-19.95 |
| ABC |
AmerisourceBergen Corp. |
11,115 |
Long |
40.55 |
41.59 |
2.56 |
| CAH |
Cardinal Health, Inc. |
15,025 |
Long |
42.96 |
44.92 |
4.56 |
|
|
|
|
|
|
|
| QTWWD |
Quantum Fuel Systems Technolo |
36 |
Short |
3.21 |
3.79 |
-15.30 |
| MVIS |
Microvision, Inc. |
146 |
Short |
1.42 |
1.24 |
14.52 |
| SCCO |
Southern Copper Corporation ( |
31,331 |
Short |
36.86 |
35.05 |
5.16 |
| BSBR |
Banco Santander (Brasil) SA(A |
87,026 |
Short |
11.61 |
10.84 |
7.10 |
| FMER |
FirstMerit Corporation |
1,812 |
Short |
16.66 |
16.77 |
-0.66 |
|
|
|
|
|
|
-1.54 |
| 3/28/2011 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| NCT |
Newcastle Investment Corp. |
406 |
Long |
6.07 |
6.15 |
1.32 |
| BDSI |
BioDelivery Sciences Internat |
77 |
Long |
3.28 |
3.70 |
12.8 |
| SNX |
SYNNEX Corporation |
1,234 |
Long |
31.47 |
32.47 |
3.18 |
| ABC |
AmerisourceBergen Corp. |
10,224 |
Long |
39.29 |
40.55 |
3.21 |
| EXM |
Excel Maritime Carriers Ltd |
347 |
Long |
4.43 |
3.91 |
-11.74 |
|
|
|
|
|
|
|
| QTWWD |
Quantum Fuel Systems Technolo |
47 |
Short |
4.21 |
3.21 |
31.08 |
| SVNT |
Savient Pharmaceuticals, Inc. |
718 |
Short |
10.13 |
10.93 |
-7.32 |
| MVIS |
Microvision, Inc. |
134 |
Short |
1.31 |
1.42 |
-7.75 |
| CUR |
Neuralstem, Inc. |
88 |
Short |
1.81 |
1.80 |
0.56 |
| RYAAY |
Ryanair Holdings plc (ADR) |
6,848 |
Short |
27.15 |
29.43 |
-7.75 |
|
|
|
|
|
Return |
1.76 |
| 2/28/2011 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| IRDM |
Iridium Communications Inc. |
657 |
Long |
9.40 |
8.76 |
-6.81 |
| MCCC |
Mediacom Communications Corpo |
601 |
Long |
8.82 |
8.84 |
0.23 |
| SNX |
SYNNEX Corporation |
1,281 |
Long |
35.28 |
31.47 |
-10.80 |
| CSH |
Cash America International, I |
1,257 |
Long |
42.71 |
44.80 |
4.89 |
| ABC |
AmerisourceBergen Corp. |
10,248 |
Long |
37.91 |
39.29 |
3.64 |
|
|
|
|
|
|
|
| RXII |
RXi Pharmaceuticals Corporati |
33 |
Short |
1.70 |
1.18 |
44.07 |
| TKC |
Turkcell Iletisim Hizmetleri |
12,358 |
Short |
14.07 |
15.35 |
-8.34 |
| CHL |
China Mobile Ltd. (ADR) |
187,647 |
Short |
47.27 |
45.41 |
4.10 |
| GOLD |
Randgold Resources Ltd. (ADR) |
7,363 |
Short |
80.95 |
76.1 |
6.37 |
| CLDX |
Celldex Therapeutics, Inc. |
124 |
Short |
3.94 |
3.85 |
2.34 |
|
|
|
|
|
Return |
3.97 |
| 1/31/2011 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| YRCW |
YRC Worldwide Inc. |
197 |
Long |
4.05 |
2.68 |
-33.83 |
| RLGT |
Radiant Logistics, Inc.* |
30 |
Long |
1.16 |
1.45 |
25.00 |
| IRDM |
Iridium Communications Inc. |
563 |
Long |
7.68 |
9.40 |
22.40 |
| MCCC |
Mediacom Communications Corpo |
588 |
Long |
8.77 |
8.82 |
0.63 |
| EXM |
Excel Maritime Carriers Ltd |
373 |
Long |
4.53 |
5.22 |
15.23 |
|
|
|
|
|
|
|
| MRNA |
Marina Biotech, Inc. |
31 |
Short |
1.03 |
0.70 |
47.14 |
| RXII |
RXi Pharmaceuticals Corporati |
35 |
Short |
1.88 |
1.70 |
10.59 |
| CLDX |
Celldex Therapeutics, Inc. |
121 |
Short |
3.70 |
3.94 |
-6.09 |
| CUR |
Neuralstem, Inc. |
89 |
Short |
1.95 |
2.05 |
-4.88 |
| GOLD |
Randgold Resources Ltd. (ADR) |
7,023 |
Short |
76.49 |
80.95 |
-5.51 |
|
|
|
|
|
Return |
7.07 |
| 1/3/11 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| YRCW |
YRC Worldwide Inc. |
177 |
Long |
3.63 |
4.05 |
11.57 |
| RLGT |
Radiant Logistics, Inc. |
33 |
Long |
1.10 |
1.16 |
5.45 |
| IRDM |
Iridium Communications Inc. |
580 |
Long |
8.21 |
7.68 |
-6.46 |
| MCCC |
Mediacom Communications Corpo |
578 |
Long |
8.45 |
8.77 |
3.73 |
| RAS |
RAIT Financial Trust |
217 |
Long |
2.20 |
2.53 |
15.00 |
|
|
|
|
|
|
|
| MRNA |
Marina Biotech, Inc. |
39 |
Short |
1.60 |
1.03 |
55.34 |
| TTHI |
Transition Therapeutics Inc. |
45 |
Short |
1.92 |
2.06 |
-6.80 |
| CLWR |
Clearwire Corporation |
5,082 |
Short |
5.29 |
5.29 |
0.00 |
| TFSL |
TFS Financial Corporation |
2,782 |
Short |
9.17 |
9.75 |
-5.95 |
| CUR |
Neuralstem, Inc. |
99 |
Short |
2.17 |
1.95 |
11.28 |
|
|
|
|
|
Return |
8.32 |
| 12/6/10 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| YRCW |
YRC Worldwide Inc. |
154 |
Long |
3.23 |
3.63 |
12.38 |
| RLGT |
Radiant Logistics, Inc. |
32 |
Long |
1.08 |
1.10 |
1.85 |
| RAS |
RAIT Financial Trust |
180 |
Long |
1.85 |
2.20 |
18.92 |
| IRDM |
Iridium Communications Inc. |
649 |
Long |
9.29 |
8.21 |
-11.63 |
| MCCC |
Mediacom Communications Corpo |
580 |
Long |
8.48 |
8.45 |
-0.35 |
|
|
|
|
|
|
|
| TTHI |
Transition Therapeutics Inc. |
52 |
Short |
2.03 |
1.92 |
5.73 |
| TFSL |
TFS Financial Corporation |
2,591 |
Short |
8.34 |
9.17 |
-9.05 |
| ACOR |
Acorda Therapeutics Inc. |
1,032 |
Short |
26.70 |
27.00 |
-1.11 |
| CLWR |
Clearwire Corporation |
5,950 |
Short |
6.19 |
5.29 |
17.01 |
| CUR |
Neuralstem, Inc. |
93 |
Short |
1.99 |
2.17 |
-8.29 |
|
|
|
|
|
Return |
2.55 |
| 11/8/10 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| NCT |
Newcastle Investment Corp. |
264 |
Long |
4.39 |
6.09 |
38.72 |
| RAS |
RAIT Financial Trust |
182 |
Long |
1.88 |
1.85 |
-1.60 |
| MCCC |
Mediacom Communications Corpo |
479 |
Long |
6.95 |
8.48 |
22.01 |
| CSH |
Cash America International, I |
1,097 |
Long |
37.34 |
37.06 |
-0.75 |
| IPSU |
Imperial Sugar Company |
167 |
Long |
13.90 |
13.52 |
-2.73 |
|
|
|
|
|
|
|
| ACOR |
Acorda Therapeutics Inc. |
1,051 |
Short |
27.70 |
26.70 |
3.75 |
| CLSN |
Celsion Corporation |
36 |
Short |
2.84 |
2.73 |
4.03 |
| KRNY |
Kearny Financial Corp. |
608 |
Short |
8.92 |
8.58 |
3.96 |
| AIS |
Antares Pharma, Inc. |
124 |
Short |
1.57 |
1.46 |
7.53 |
| SVNT |
Savient Pharmaceuticals, Inc. |
794 |
Short |
12.16 |
11.94 |
1.84 |
|
|
|
|
|
Return |
7.68 |
| 10/11/10 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| NCT |
Newcastle Investment Corp. |
239 |
Long |
3.86 |
4.39 |
13.73 |
| MCCC |
Mediacom Communications Corpo |
468 |
Long |
6.91 |
6.95 |
0.58 |
| CSH |
Cash America International, I |
1,056 |
Long |
35.64 |
37.34 |
4.77 |
| ABC |
AmerisourceBergen Corp. |
8,831 |
Long |
31.79 |
31.45 |
-1.07 |
| EXM |
Excel Maritime Carriers Ltd |
468 |
Long |
5.77 |
6.42 |
11.27 |
|
|
|
|
|
|
|
| DSCM |
drugstore.com, inc. |
207 |
Short |
1.92 |
1.72 |
11.63 |
| VMC |
Vulcan Materials Company |
4,719 |
Short |
36.51 |
43.43 |
-15.93 |
| TTHI |
Transition Therapeutics Inc. |
65 |
Short |
2.78 |
2.69 |
3.35 |
| AIS |
Antares Pharma, Inc. |
125 |
Short |
1.59 |
1.57 |
1.27 |
| BK |
The Bank of New York Mellon C |
32,221 |
Short |
26.56 |
28.07 |
-5.38 |
|
|
|
|
|
Return |
2.42 |
| 9/13/10 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| NCT |
Newcastle Investment Corp. |
156 |
Long |
2.59 |
3.86 |
49.03 |
| MCCC |
Mediacom Communications Corpo |
437 |
Long |
6.44 |
6.91 |
7.30 |
| EXM |
Excel Maritime Carriers Ltd |
422 |
Long |
5.43 |
5.77 |
6.26 |
| CSH |
Cash America International, I |
940 |
Long |
32.83 |
35.64 |
8.56 |
| ABC |
AmerisourceBergen Corp. |
7,939 |
Long |
28.50 |
31.79 |
11.54 |
|
|
|
|
|
|
|
| HUSA |
Houston American Energy Corpo |
304 |
Short |
9.93 |
11.77 |
-15.63 |
| VMC |
Vulcan Materials Company |
4,933 |
Short |
38.48 |
36.51 |
5.40 |
| KOG |
Kodiak Oil & Gas Corp. |
328 |
Short |
2.84 |
3.76 |
-24.47 |
| PWR |
Quanta Services, Inc. |
3,844 |
Short |
17.72 |
20.10 |
-11.84 |
| SQNM |
Sequenom, Inc. |
481 |
Short |
6.60 |
6.95 |
-5.04 |
|
|
|
|
|
Return |
3.11 |
| 8/16/10 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| DRL |
Doral Financial Corp. |
87 |
Long |
1.33 |
1.74 |
30.83 |
| MCCC |
Mediacom Communications Corpo |
464 |
Long |
6.76 |
6.44 |
-4.73 |
| CSH |
Cash America International, I |
900 |
Long |
30.54 |
32.83 |
7.50 |
| CYTK |
Cytokinetics, Inc. |
138 |
Long |
2.16 |
2.64 |
22.22 |
| SPB |
Spectrum Brands Holdings, Inc |
1,393 |
Long |
27.96 |
26.50 |
-5.22 |
|
|
|
|
|
|
|
| DSCM |
drugstore.com, inc. |
200 |
Short |
1.87 |
1.60 |
16.88 |
| VMC |
Vulcan Materials Company |
4,915 |
Short |
38.25 |
38.48 |
-0.60 |
| MAPP |
MAP Pharmaceuticals Inc. |
324 |
Short |
12.40 |
13.41 |
-7.53 |
| CLDA |
Clinical Data, Inc. |
401 |
Short |
13.76 |
16.88 |
-18.48 |
| BK |
The Bank of New York Mellon C |
30,108 |
Short |
24.70 |
26.07 |
-5.26 |
|
|
|
|
|
Return |
3.56 |
| 7/19/10 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| SPMD |
SuperMedia Inc |
271 |
Long |
17.59 |
13.84 |
-21.32 |
| NCT |
Newcastle Investment Corp. |
157 |
Long |
2.55 |
2.73 |
7.06 |
| MCCC |
Mediacom Communications Corpo |
458 |
Long |
6.72 |
6.76 |
0.60 |
| SPB |
Spectrum Brands Holdings, Inc |
1,380 |
Long |
26.65 |
27.96 |
4.92 |
| EXM |
Excel Maritime Carriers Ltd |
396 |
Long |
5.01 |
5.45 |
8.78 |
|
|
|
|
|
|
|
| CYTX |
Cytori Therapeutics Inc. (USA |
172 |
Short |
3.72 |
4.56 |
-18.42 |
| TIVO |
TiVo Inc. |
916 |
Short |
8.08 |
8.39 |
-3.69 |
| LAMR |
Lamar Advertising Company |
2,341 |
Short |
25.68 |
28.97 |
-11.36 |
| STO |
Statoil ASA(ADR) |
64,442 |
Short |
20.08 |
20.08 |
0.00 |
| DRRX |
DURECT Corporation |
178 |
Short |
2.06 |
2.11 |
-2.37 |
|
|
|
|
|
Return |
-3.58 |
| 6/21/10 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| SPB |
Spectrum Brands Holdings, Inc |
861 |
Long |
28.14 |
26.65 |
-5.29 |
| NCT |
Newcastle Investment Corp. |
202 |
Long |
3.00 |
2.55 |
-15.00 |
| MCCC |
Mediacom Communications Corpo |
467 |
Long |
6.77 |
6.72 |
-0.74 |
| GLP |
Global Partners LP |
388 |
Long |
22.67 |
23.13 |
2.03 |
| EXM |
Excel Maritime Carriers Ltd |
405 |
Long |
5.31 |
5.01 |
-5.65 |
|
|
|
|
|
|
|
| RXII |
RXi Pharmaceuticals Corporati |
56 |
Short |
2.94 |
2.26 |
30.09 |
| ART |
Artio Global Investors Inc. |
1,068 |
Short |
17.62 |
15.69 |
12.30 |
| TIVO |
TiVo Inc. |
922 |
Short |
7.88 |
8.08 |
-2.48 |
| CYTX |
Cytori Therapeutics Inc. (USA |
187 |
Short |
3.99 |
3.72 |
7.26 |
| LAMR |
Lamar Advertising Company |
2,569 |
Short |
27.14 |
25.68 |
5.69 |
|
|
|
|
|
Return |
2.82 |
| 5/24/10 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| NCT |
Newcastle Investment Corp. |
166 |
Long |
2.68 |
3.00 |
11.94 |
| SPB |
Spectrum Brands Holdings, Inc |
762 |
Long |
24.48 |
28.14 |
14.95 |
| MCCC |
Mediacom Communications Corpo |
364 |
Long |
5.27 |
6.77 |
28.46 |
| GLP |
Global Partners LP |
273 |
Long |
20.22 |
22.67 |
12.12 |
| ABC |
AmerisourceBergen Corp. |
8,710 |
Long |
30.70 |
32.42 |
5.60 |
|
|
|
|
|
|
|
| ATHN |
athenahealth, Inc |
833 |
Short |
25.71 |
23.57 |
9.08 |
| BLK |
BlackRock, Inc. |
31,931 |
Short |
161.96 |
157.92 |
2.56 |
| STO |
Statoil ASA(ADR) |
62,978 |
Short |
19.22 |
21.36 |
-10.02 |
| ART |
Artio Global Investors Inc. |
1,182 |
Short |
18.97 |
17.62 |
7.66 |
| SVNT |
Savient Pharmaceuticals, Inc. |
824 |
Short |
11.93 |
12.74 |
-6.36 |
|
|
|
|
|
Return |
7.60 |
| 4/26/10 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| GGC |
Georgia Gulf Corporation |
706 |
Long |
21.52 |
16.65 |
-22.63 |
| SPB |
Spectrum Brands Holdings, Inc |
904 |
Long |
29.69 |
24.48 |
-17.55 |
| PHH |
PHH Corporation |
1,377 |
Long |
25.45 |
20.85 |
-18.07 |
| GLP |
Global Partners LP |
304 |
Long |
22.97 |
20.22 |
-11.97 |
| ABC |
AmerisourceBergen Corp. |
8,941 |
Long |
31.23 |
30.70 |
-1.70 |
|
|
|
|
|
|
|
| GTXI |
GTx, Inc. |
122 |
Short |
3.32 |
3.25 |
2.15 |
| AVII |
AVI BioPharma, Inc. |
152 |
Short |
1.35 |
1.39 |
-2.88 |
| ATHN |
athenahealth, Inc |
1,263 |
Short |
36.56 |
25.71 |
42.20 |
| ENOC |
EnerNOC, Inc. |
744 |
Short |
29.56 |
27.77 |
6.45 |
| LWAY |
Lifeway Foods, Inc. |
186 |
Short |
11.08 |
10.15 |
9.16 |
|
|
|
|
|
Return |
-1.48 |
| 3/29/10 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| GGC |
Georgia Gulf Corporation |
620 |
Long |
18.68 |
21.52 |
15.20 |
| SPB |
Spectrum Brands Holdings, Inc |
768 |
Long |
25.05 |
29.69 |
18.52 |
| GLP |
Global Partners LP |
284 |
Long |
22.43 |
22.97 |
2.41 |
| PHH |
PHH Corporation |
1,274 |
Long |
23.45 |
25.45 |
8.53 |
| ABC |
AmerisourceBergen Corp. |
8,073 |
Long |
28.84 |
31.23 |
8.29 |
|
|
|
|
|
|
|
| GTXI |
GTx, Inc. |
124 |
Short |
3.34 |
3.32 |
0.60 |
| MLM |
Martin Marietta Materials, In |
3,779 |
Short |
84.90 |
97.03 |
-12.50 |
| ENOC |
EnerNOC, Inc. |
731 |
Short |
29.91 |
29.56 |
1.18 |
| NBIX |
Neurocrine Biosciences, Inc. |
119 |
Short |
2.70 |
3.38 |
-20.12 |
| SVNT |
Savient Pharmaceuticals, Inc. |
945 |
Short |
14.47 |
15.15 |
-4.49 |
|
|
|
|
|
Return |
1.76 |
| 3/1/10 |
|
|
|
|
|
|
| Ticker |
Name |
MktCap |
L/S |
Start |
End |
Pct |
| NRF |
Northstar Realty Finance Corp |
319 |
Long |
4.27 |
4.28 |
0.23 |
| GGC |
Georgia Gulf Corporation |
481 |
Long |
14.30 |
18.43 |
28.88 |
| NSIT |
Insight Enterprises, Inc. |
588 |
Long |
12.87 |
14.44 |
12.20 |
| ALJ |
Alon USA Energy, Inc. |
328 |
Long |
7.00 |
7.16 |
2.29 |
| ABC |
AmerisourceBergen Corp. |
7,918 |
Long |
27.97 |
28.76 |
2.82 |
|
|
|
|
|
|
|
| ARYX |
ARYx Therapeutics, Inc. |
34 |
Short |
1.14 |
0.91 |
25.27 |
| OGXI |
OncoGenex Pharmaceuticals Inc |
100 |
Short |
16.91 |
21.07 |
-19.74 |
| RZTI |
Raser Technologies, Inc. |
84 |
Short |
1.06 |
1.01 |
4.95 |
| MLM |
Martin Marietta Materials, In |
3,536 |
Short |
78.17 |
84.90 |
-7.93 |
| HALO |
Halozyme Therapeutics, Inc. |
501 |
Short |
6.63 |
8.03 |
-17.43 |
|
|
|
|
|
Return |
3.15 |