Peter,
Yep, the reverse index funds haven't done well. Some of the other funds I have listed have done pretty well, though. It looks like MNGLX, which operates like a hedge fund, has outperformed the market since its inception.
quote.yahoo.com
Its only been around a couple of months, but has really performed well. It looks a little volatile though, and who knows how it will do in a bear market. Also, it has a significant load. But when I talked to them, they said the load was not out of line with many true hedge funds.
Also, the Merger fund, seems to continually crank out what look to be pretty low risk consistent returns. Unfortunately, its closed to new investors.
Heartland Small Cap Contrarian has done well, but is closed to investors.
IMHO, Some that look interesting are the Barr Rosen Market neutral fund, the Lighthouse fund, and the Caldwell and Orkin fund. They all seem to try and make a good return regardless of the market condition.
Its kind of hard to imagine being able to have it both ways, but these seem to have a chance.
I would be really very interested in hearing which ones you think have the best chance to perform well.
Thanks,
Britt
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