|
|
Performance
| Year | Return | AUM* |
|---|---|---|
| 2008 | 0.42% | $14.4M |
| 2007 | 5.95% | $14.4M |
| 2006 | 14.2% | $13.5M |
| 2005 | 10.4% | $10.3M |
| 2004 | 18.6% | $6.8M |
| 2003 | 19.2% | $2.8M |
* Assets Under Management
The consistently outstanding performance of the Cayuga MBA Fund reflects both our broad strategic approach and our meticulous research. We apply research-based models and careful fundamental analysis to the fund in determining our stock picks. We also maintain a constant, careful watch on the changing global economy and multiple factors that influence the valuation of assets.
From the outset, the Cayuga MBA Fund has substantially outperformed investment industry benchmarks, as well as funds managed by students at other universities. During our first four years, we consistently outperformed the S&P 500. Since changing our strategy to a market-neutral hedge fund in October 2002, we have grown the cumulative size of our fund nearly seven-fold, thanks to solid performance and new asset inflows, while maintaining exceptionally low levels of volatility. The fund is currently closed to all investors.
Performance since October 2002
Now operating as a market-neutral hedge fund, the Cayuga MBA Fund is designed to have little correlation with overall market performance. Instead, we measure our performance against The Hedge Fund Research Equity Hedge and Equity Market Neutral Indices (HFRXEH and HFRXEMN). The graph below illustrates rapid growth of our cumulative returns and the exceedingly low monthly volatility of our portfolio since the fourth quarter of 2002.
Performance from December, 1998 - September, 2002
As a tilt-index product during our first four years, the Cayuga MBA Fund was tracked to the S&P 500, which served as our benchmark. The graph below illustrates the value of a $10,000 initial investment in each portfolio since December 1, 1998. On October 15th 2002, the Fund adopted a market-neutral, long-short strategy and ceased tracking the S&P 500
