Marketocracy
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2000 |
| Founder | Ken Kam |
| Headquarters | United States |
Area served | Global |
| Products | Investment advisory, mutual funds, portfolio management |
| Website | marketocracy |
Marketocracy Capital Management serves as the investment advisor for the Marketocracy mutual fund series, utilizing insights derived from Marketocracy Data Services. The firm has mobilized a community exceeding 70,000 participants who manage in excess of 100,000 model portfolios on marketocracy.com, all competing to discover the most skilled investors.
The organization gained recognition in the publication Wikinomics: How Mass Collaboration Changes Everything, which emphasized its application of collaborative mass participation and open-source platforms to achieve its objectives.
After the passing of CEO and Founder Ken Kam in 2019, the company's direction became uncertain. In 2020, a group of 11 Marketocracy Masters acquired the company’s name and data assets with the intention of advancing Kam’s legacy, aiming for a relaunch under the name Marketocracy Masters in 2022.
Marketocracy Data Services
Specializing in pinpointing outstanding investors, Marketocracy Data Services monitors, analyzes, and assesses trading behaviors. The performance of virtual funds is tracked in real time and adheres to SEC rules relevant to mutual fund managers. The Marketocracy Masters 100 fund (ticker: MOFQX) is constructed from virtual portfolios demonstrating superior long-term performance. Around 500 users have entered into research agreements, forming the talent base for the m100 team.
Marketocracy Master100 fund (MOFQX)
As reported on November 30, 2014, the Marketocracy Masters 100 fund held a one-star rating from Morningstar with assets under management totaling roughly $6.98 million. Over the previous six years, it lagged behind the S&P 500 in five instances.
| Year | S&P 500 TR | MOFQX | Difference vs. 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% |
During this period, turnover increased significantly from 116% in 2008 to a peak of 765% by 2012, while maintaining an expense ratio of 1.95%.
mFOLIOS
mFOLIOs represent professionally curated portfolios that provide public investors access to top-performing Marketocracy members through managed accounts available on FOLIOfn. As of July 2009, eleven Marketocracy participants had been designated as mFOLIO Masters, granting the public an opportunity to replicate their model portfolios when creating mFOLIOs.
External links
- Marketocracy
- mFOLIOs
- Morningstar Rating and Mutual Fund Profile
- Crowdsourcing by Jeff Howe
- A Fund by the People, for the People
- The Power of Us