This Covestor manager trades the Nasdaq 100 ETF exclusively (QQQ)

Covestor manager Scott Daly is a fifteen year veteran of the investment management business. He describes his investment style as active management utilizing a proprietary method for strategic risk reduction. Here’s how Scott got his start in investing:

After a period of personally investing in mutual funds, I came to believe that buy and hold does not produce the best results and went about researching alternative means to invest.

Outside of his professional life, Scott enjoys kayaking, biking and playing racquet sports.

At Covestor, Daly manages the Nasdaq 100 Long-Short Quant portfolio, launched on January 18, 2011, which trades the Nasdaq 100 ETF (Nasdaq: QQQ), using a market timing approach that goes both long and short. The model uses a signal generated through technical indicators and trades last approximately 2 to 4 days:

The model incorporates the day’s action and generates a daily signal that is traded (if necessary) either near the close or near the open (the Covestor replication process does not guarantee trades will happen prior to end of day. If a trade is not replicated prior to end of day, it will be completed at market open the following day).

You can view this model’s performance, risk, asset allocation and latest trades here.