The Civil Society Institute, the Finance Department, the Accounting Department, and the Center for Science, Technology and Society Present
Competition as a Discovery Procedure: How I Used Economics to Improve Capital Markets (and make a profit)
Wednesday, April 14, 2004
5:30 - 7:00 P. M.
Brass Rail, Benson Memorial Center, Basement
Santa Clara University
Kam runs a mutual fund that picks its stock pickers on the basis of their performance
in a competition of virtual portfolios. Every month Kam changes his stock pickers,
based on their up-to-date record of success. His strategy seems to be working.
Since inception in Nov. 2001, his fund has beaten the market by 39 percentage
points and with much lower daily variance (“beta”). The fund is called the Masters
One-hundred Fund. The ticker symbol is MOFQX.
SCU alum Ken Kam is president and CEO of Marketocracy. He
is the portfolio manager of Marketocracy's Masters 100 Fund.
Previously, Mr. Kam was the founder and co-manager of the #1
mutual fund in the country. This experience led him to develop
Marketocracy: a system for selecting and replacing model
portfolio managers based on merit. By tracking the detailed
trading activity of 50,000 investors, Marketocracy has
established an extensive farm system of potential portfolio
managers. Ken Kam is an SCU grad.
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