HEDGEfolios year-to-date stock performance for 2008 (through 03/31/08 close) was up 6.22%.

Over the same time period, the S&P 500 index was down -9.90%.

At the end of March, the HEDGEfolios universe consisted of 3,454 stocks.

Commentary: At the end of one of the most difficult quarters in market history, I am pleased with HEDGEfolios performance. During the month, HEDGEfolios increased bullishness to end March with 78% UP signals vs. 68% at the end of February.

• 2007, HEDGEfolios performance was +21.78% vs. + 3.55% for the S&P 500 index
• 2006, HEDGEfolios performance was +25.54% vs. +13.62% for the S&P 500 index
• 2005, HEDGEfolios performance was +19.99% vs. + 3.00% for the S&P 500 index
• 2004, HEDGEfolios performance was +31.19% vs. + 9.00% for the S&P 500 index

Disclaimer: Nothing in my performance quoting is intended as an advertisement or in any other way meant to encourage anyone to subscribe to HEDGEfolios. These performance figures have not been audited or verified by an outside party and are NOT in compliance with the CFA’s AIMR Performance Presentation Standards. They don’t net out any transaction costs such as commissions or management fees and are not a total return calculation as I do not include dividend yields or any compounding factor. These performance figures cover a hypothetical portfolio of the entire HEDGEfolios stock universe with an equal weighting of each security. The calculation is simply the cumulative total of all gains and losses from the signals during the period in question.