Astor Asset Management’s (aam123.com) Long Short Balanced Program was named the No. 4 Best Performing Program by Forbes.com, based on data compiled by Barclays Global Investors’ iShares.
Astor’s program began trading in 2001 and has averaged over 6.5% a year since inception with only one down year. Astor uses a fundamental model to determine the direction of the economic cycles for multiple non-correlating assets and uses Exchange Traded Funds (ETF’s) to construct diversified, non-correlating portfolios including: S&P 500 Trust (SPY), PowerShares QQQQ Trust (QQQQ), iShares iBoxx Investment Grade Corporate Bond (LQD), PowerShares DB Agriculture (DBA), and SPDR Gold Shares (GLD). Additionally, Astor uses inverse ETFs, such as Short S&P 500 ProShares (SH), Direxion Financial Bull 3X Shares (FAS), and UltraShort 20+ Year Treasury ProShares (TBT) to hedge exposure during adverse market conditions.
“Although we do not like to highlight performance in any one year because we believe that is not productive or even relevant to our goals, we are honored to be among the top performing programs featured by Forbes.com,” stated Rob Stein, managing partner of Astor Asset Management and senior portfolio manager of the Long Short Balance Program.