HDGE

HDGE is actively managed short fund with bottom-up, fundamental, research driven security selection process (that's what they say). Expence ratio is 3.3%, only 270mil, no leverage, premium/discount very small.

The idea is this - if we are going into a sizable shit-storm, I want to be short weakest companies. Letting somebody make a picks? Lets see what they can do. So far not very impressive, but it is a bear ETF in a bull market

 
http://advisorshares.com/fund/hdge


Here are top holdings as of 4/22/2013. They look bad, so its good!

http://stockcharts.com/freecharts/candleglance.html?HDGE,DB,TCK,GT,CBT,PVH,FDS,CTL,FFIV,FITB|C|J[$SPX]
Other shorts as of 2/5 and 3/31
http://stockcharts.com/freecharts/candleglance.html?clf,cmg,prgo,vale,dfs,now,coh,win,bhi|C|J[$SPX] 


John Del Vecchio and Brad  Lamensdorf are managers. John even wrote a book about short selling. Amazon reviews are pretty good.
                 

Here is Brad  talking down FOSL, CTL, GT. Pushing your book, ata boy.