Live from the Conservative Political Action Conference

Here at the Conservative Political Action Conference in Washington, portfolio manager Eric Singer is offering attendees an opportunity to recoup some of their investment losses.

Singer founded Congressional Effect Management, a fund that seeks to "minimize the market's political risk by only investing in equities when Congress is on vacation."

He's also publishing an e-letter, the Congressional Wealth Destruction Monitor.

Since launching his strategy in May 2008, Singer claims a 0.22% return that has significantly outperformed the S&P 500 (down 38.5% in the same period).

This got my attention: Singer says that, in the past 44 years, the vast majority of the stock market's returns have been gained on days when Congress is on recess.

1 comment:

Steven L. Baerson said...

We are looking forward to updates from CPAC!