market folly

There were two exciting developments yesterday out of our favorite hedge fund cloning software, Alphaclone. They've announced that you can now invest in the popular clones they've created through a partnership with Folio Investing. Additionally, they've also started publishing fund groups created by bloggers (including yours truly).

Firstly, we'll start with the news that is slightly more exciting to us on a personal level. Alphaclone has published two new fund groups. We are more than proud to announce that the Market Folly Fund Group is now live on Alphaclone. This fund group is of course the portfolio clone we created a few months back using their web-based software. The portfolio has been a huge success as it is up 15% year to date and has seen 20% annualized returns. The numbers really are astounding.

Additionally, Mebane Faber's World Beta fund group has also gone live. Meb's group tracks the top 10 holdings of ten of his favorite hedge fund managers and has put up equally astounding performance numbers. Mebane of course if the author of the well-known World Beta blog and the author of The Ivy Portfolio, his book about Endowment Investing which we recently reviewed. Needless to say, this is a very exciting development and we're happy to contribute to such great hedge fund tracking software. Stay tuned because there will also be other blogger fund groups released in the future.

Secondly, we wanted to touch on Alphaclone's other big announcement: they've launched investable clones in partnership with Folio Investing. Taken from the Alphaclone blog, this unique approach now "allows investors to buy an entire portfolio of securities at once with one transaction, and have any dollar amount automatically distributed at the proper percentage weights across all of the stocks in the portfolio." They've released investable clones based on Warren Buffett's Berkshire Hathaway and the 'Tiger Cub Portfolio,' which we've previously covered here on the blog as well. In addition to the clones they've just released, you can also customize your own clones to invest in with the help of Folio Investing. These are some exciting developments at Alphaclone and we can't wait to see what they come up with next.

Remember, Alphaclone is currently 50% off so take advantage of it while it lasts. Once you're signed up, you can check out our MarketFolly clone in depth and even invest right along side it if you like. After all, it's now seeing 20% annualized returns! Check back in on Friday as we'll post an update regarding our cloned portfolio now that the next round of 13F filings are in.