Hussman Named "Best Bear Market Money Manager Around" by Money Magazine


By Matt - Posted on 02 July 2009

In the May issue of Money magazine, they name John Hussman as the Best Bear Market Money Manager Around. The article points to the major advantage of Hussman’s Strategic Growth fund (HSGFX) as being:

In downturns [HSGFX] acts like a bear market fund because [Hussman] makes bets that stocks will fall when he senses trouble looming. During rallies the fund acts like anything but, so it grabs most of the market’s gains.

Hussman implements what is known as an Absolute Return Strategy which is designed to deliver positive returns in all market environments. While Hussman’s strategy may sound unique, in reality, many managers implement various Absolute Return Strategies including myself. And in fact, over the past several years, I’ve actually done it better than Hussman. Here is how the performance in our Core Portfolio compared to Hussman’s Strategic Growth Fund:

Year
HSGFX
MAC’s Core
2008
(9.0%)
(8.0%)
2007
4.2%
12.5%
2006
3.5%
7.5%

From 2006 through 2008, Hussman’s fund was down almost 2% where as my Core Strategy was up 11.3%. I think it is important to point out that Hussman is constrained by the rules that he puts forth in the prospectus of his fund where as I am not so I do have a bit of an advantage.

In closing, I would like to state that I am a huge fan of Hussman. If you search my site for “Hussman”, you’ll find multiple posts in which I’ve quoted him. I would rank him in my top 5 fundamental analysis that I follow. I suggest that anyone truly interested in critical thinking about the markets read his weekly comments which you can access by clicking on this link.

If you would like to discuss how I’ve been able to deliver positive returns over the past several years, you can reach me at 214 | 954 4300 x 1.

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