The Ten Worst-Performing Alternative Funds
Posted on January 16th, 2014 at 2:59 PM
In 2013, the ten worst-performing alternative funds are:
- Rydex Inverse –S&P500 2X Strategy H (RYTPX), an open-end fund with net assets of $56.3M seeking to provide investment results that correspond to 200% of the inverse (opposite) performance of the S&P 500 on a daily basis, with a 1-year return of -33.67%, and a 3-year return of -33.14%.
- GrizzlyShort (GRZZX), an open-end fund with net assets of $95M seeking capital appreciation by selling stocks short, with a 1-year return of -22.33%, and a 3- year return of -19.52%.
- Comstock Capital Value A (DRCVX), an open-end fund with net assets of $58.8M seeking to maximize total return by investing in a wide range of asset classes and marketsectors, with a1-year return of -21.83%, and a 3-year return of -18.89%.
- Federated Prudent Bear A (BEARX), an open-end fund with net assets of $687.6M seeking capital appreciation by investing primarily through short sales of equity securities and through long positions in value-oriented equity securities, with a 1-year return of -21.66%, and a 3-year return of -16.81%.
- Rydex Inverse S&P 500 Strategy Inv(RYURX),an open-end fund. The Fund's objective is to provide investment results that inversely correlate to the total return of the Standard & Poor's 500 Index.
- Pimco Stocks Plus AR Short Strat Institutional ( PSTIX) , an open-end fund seeking total return which exceeds that of its benchmark index consistent with prudent investment management, with a 1-year return of -16.17%, and a 3-year return of -6.24%.
- Altegris Macro Strategy A ( MCRAX), an open-end fund seeking absolute returns by investing between global macro strategies and fixed income strategies, with a 1-year return of -13.43%.
- Princeton Futures Strategy A(PFFAX), an open-end fund seeking capital appreciation by investing in securities of limited partnerships, limited liability companies, securities of other types of pooled investment vehicles and fixed income securities, with a 1-year return of -13.31%, and a 3-year return of -6.24%.
- MutualHedge Frontier Legends A (MHFAX), an open-end fund seeking capital appreciation by investing mainly in a combination of derivative instruments and fixed-income securities, with a 1-year return of -10.975, and a 3-year return of -2.01%.
- SunAmerica Alternative Strategies A (SUNAX), an open-end fund seeking long-term total return. by investing in U.S. government securities and other fixed income securities, with a 1-year return of -10.7%, and a 3-year return of -6.02%.
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