Portfolio performances…
Mechanical long just outperforming the discretionary. The discretionary short outperforming the mechanical by around 10%.
Long portfolios outperforming short portfolios this year – after last years shocker!
Ftse 350 up 14.4% in the year. So long portfolios not really outperformed, but short portfolios did.
Mech NAPS Short 2021 8.5% gain
![](http://share-bear.co.uk/wp-content/uploads/2022/01/mech-short-2021.png)
Mech NAPS Long 2021 15.46% gain
![](http://share-bear.co.uk/wp-content/uploads/2022/01/mech-long-2021.png)
NAPS Discretionary Long 2021 14.46% gain
![](http://share-bear.co.uk/wp-content/uploads/2022/01/disc-long-2021.png)
NAPS Discretionary Short 2021 -2.85% loss
![](http://share-bear.co.uk/wp-content/uploads/2022/01/disc-short-2021.png)