March 11, 2010 11:07 PM ET
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Paul MacNamara
Strategy Macro & Sector ETFs
Category Macro
Average trade replication time 2 minutes
830 Views
1 Subscribers
Fees 1.50% of invested assets p.a. Subscription Min $5,000.00*
Paul is a senior partner at Strategic Investment Partners and manages the Firm’s Capital Appreciation ETF portfolio. This portfolio uses a macro approach for maintaining long positions while using technical analysis to protect against short-term market volatility. The portfolio invests strictly in ETFs using market index ETFs such as the S&P500 and DOW and various sector ETFs where outperformance... [more +]
Paul utilizes a Macro approach for maintaining long positions while using technical analysis to reposition the portfolio to protect against short term market volatility. Typically the portfolio will maintain long position(s) utilizing ETFs (including leveraged ETFs) to achieve parity with the market. When market expectations are positive the portfolio may overweight (using leveraged ETFs exceeding... [more +]
Understanding global economic trends combined with U.S. fiscal and monetary policy drives his research. Studies are applied to various economic and political news venues to formulate investment strategy. Paul subscribes to numerous investment newsletters and publications as well as monitor technical indicators to devise a proactive investment strategy.
Paul typically holds less than 5 positions but utilizes major indexes and sectors to provide diversification as well as inverse positions to further diversify away from the market.
Objective is to perform between 10-15 trades per year. Typically utilizes short positions (inverse ETFs) to hedge while maintaining long position(s), thereby reducing trading costs and short term capital gains. Trading objective is secondary to portfolio performance.
None.
Investment Report
The month of February turned out to be a moderate test of resilience in the market …… and it passed the test. Political bashing of the banks followed by China’s tightening served as a one two punch and the Greek debt could have dealt the knock out blow sending us into a full fledged correction but the market took the body shots and has come back strong. We remain positive and long going into...
March 2010
Personal Background
- Paul is a senior partner in Strategic Investment Partners and manages the firms Capital Appreciation ETF portfolio.
- He has been an investment advisor for the past 15 years and currently manages the office in Camp Hill, PA as well as the branch at Ft. Bragg, NC. He served in the U.S. Army for over 20 years and retired as a Lieutenant Colonel in 2004. He is a second generation Special Forces...
Experience on Covestor.com‡
Paul MacNamara's Covestor.com Profile
- Overperformed S&P 500 for 11 of their 16 months on Covestor.com#
- Return Since Inception: 75.05% (November 2008)
- Last 3 Months Return: -0.09% (S&P 500 0.81%)
- Annualized Return: 52.67%
- Sharpe Ratio: 0.96 (S&P 500 -0.09)
- Maximum Drawdown: -44.83% (S&P 500 -56.78%)
Performance
| Inception December 22, 2009 | Model Manager | S&P 500 |
|---|---|---|
| Return Since Inception (%) | (3.67) | 2.47 |
| Month to Date Return (%) | 3.46 | 3.72 |
| Sharpe Ratio | (0.72) | 0.79 |
Monthly Performance (%)
| Month | Return | S&P500 | Outperformance | Risk | Performance |
|---|---|---|---|---|---|
| Feb | 4.07 | 2.85 | 1.22 |
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| Jan | (10.54) | (3.70) | (6.84) |
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The performance of the model manager's account has been calculated by CVIM on a daily time-weighted basis including cash and broker commissions. These returns do not reflect any CVIM suitability or risk score restrictions and are exclusive of CVIM fees. Therefore, they do not represent the performance of the CVIM model available for subscription. Benchmark returns have been calculated by CVIM using a time-weighted calculation of daily valuations and do not include cash or transaction costs. Please see the additional disclosures below.
Top Holdings
| Symbol | Security | Exchange | Allocation (%) |
|---|---|---|---|
| DDM | PROSHARES ULTRA DOW30 | AMEX | 72.79 |
| Cash | n/a | n/a | 27.21 |
Total Holdings 2
Data displayed is as of market close: March 10, 2010
Recent Transactions
| Symbol | Security | Type | Price |
|---|---|---|---|
| FAS | DIREXION DAILY FIN BULL 3X | Sell | $72.88 |
| FAS | DIREXION DAILY FIN BULL 3X | Buy | $86.00 |
Data displayed is as of market close: March 10, 2010
* The Subscription Minimum is the minimum subscription required to follow a particular model. The minimum amount is determined by CVIM, based on the characteristics of the underlying model. It should not be considered as specific investment advice for your investment situation.
‡ Covestor.com performance data has been calculated by Covestor on a daily time-weighted basis of the equity positions of the account and is exclusive of any commissions and cash in the portfolio. The member's performance on Covestor.com, based on a separate account, may not reflect the strategy employed to manage the model available for subscription on CVIM. Please see additional disclosures below.
# Since the model manager's inception in Covestor.com
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