Marketocracy

Marketocracy Capital Management, is the investment advisor for the Marketocracy family of mutual funds and uses the research generated by Marketocracy Data Services. Marketocracy has recruited over 70,000 people[1] to manage over 100,000 model portfolios at marketocracy.com that compete to become the best investors. For over 19 years, they have tracked, analyzed, and evaluated their virtual trading activity and have accumulated a massive database; following over 10,000 stock positions at any one time and more than four million trades.[2]

Marketocracy
IndustryFinance
research company
HeadquartersSan Mateo, California
Key people
Ken Kam, Mark Taguchi
ProductsInvestment
ServicesTrack, analyze and evaluate investors' trading activity
Websitemarketocracy.com

Marketocracy was mentioned in the book Wikinomics: How Mass Collaboration Changes Everything (ISBN 1591841933) The book explores how some companies in the early 21st century have used mass collaboration (also called peer production) and open-source technology such as wikis to be successful.[3]

Marketocracy Data Services

Marketocracy Data Services is a research company whose mission is to find the best investors in the world and then track, analyze, and evaluate their trading activity.[2] Virtual fund performance is tracked in real-time and follow all SEC rules mutual fund managers must adhere to. The best performing virtual funds based on long-term performance are used as the basis for the Marketocracy Masters 100 fund (ticker symbol: MOFQX) Marketocracy has signed research contracts with about 500 users. These users make up the talent pool from which the m100 team is comprised.[4]

Marketocracy Master100 fund (MOFQX)

As of November 30, 2014, the fund maintains a one-star Morningstar rating[5] As of this same date, the fund has about $6.98 million in assets under management.[6] The fund has underperformed the S&P 500 by substantial amounts in 5 of the last 6 years.

YearS&P 500 TRMOFQX+/- S&P 500
2008−37.00%−45.59%−8.59%
2009+26.46%+27.57%+1.10%
2010+15.06%+10.54%−4.52%
2011+2.11%−6.88%−8.99%
2012+16.00%+2.71%−13.29%
2013+32.39%+22.32%−10.06%
2014 (to Q3)+8.35%−9.78%−18.13%

Turnover increased each year from 116% in 2008 to 765% in 2012, and the fund has an expense ratio of 1.95%.

Yearly performance, turnover ratio, and expense ratio data available on Morningstar site: http://performance.morningstar.com/fund/performance-return.action?t=MOFQX&region=USA&culture=en-us[7]

mFOLIOS

mFOLIOs are professionally managed portfolios that give the public access to the best at Marketocracy through a managed account at FOLIOfn. As of July, 2009, the company has placed eleven Marketocracy members under contract to be mFOLIO Masters so the public can use their model portfolios to create mFOLIOs.[8]

References
  1. (in French) Comment le web change le monde : l'alchimie des multitudes, Francis Pisani et Dominique Piotet, éd. Pearson, 2008 (ISBN 978-2-7440-6261-2), p. 197
  2. "Marketocracy | VentureBeat Profiles". tradevibes.com. Retrieved 2014-12-11.
  3. Tapscott, D.; Williams, A.D. (2006). Wikinomics: How Mass Collaboration Changes Everything. Portfolio. p. 24. ISBN 9781591841388. Retrieved 2014-12-11.
  4. Ken Kam's Best Ideas Blog
  5. "MOFQX Marketocracy Masters 100 Fund MOFQX Quote Price News". quicktake.morningstar.com. Retrieved 2014-12-11.
  6. "MOFQX Performance Overview | Marketocracy Funds, Inc - Maste Stock - Yahoo! Finance". finance.yahoo.com. Retrieved 2014-12-11.
  7. "Marketocracy Masters 100 (MOFQX) Fund Performance and Returns". performance.morningstar.com. Retrieved 2014-12-11.
  8. "Archived copy". Archived from the original on 2009-05-27. Retrieved 2009-07-31.CS1 maint: archived copy as title (link)
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