So how's the Asian ADR portfolio doing?

Not so good - not losing any money at all, but not making much either. Better than a slap in the face.

Long positions on Marketocracy:

CEO

CHL

CMED

FMCN

FXI

JASO

KTC

LDK

LFC

MR

NPD

PWRD

SCR

SHG

SNP

SOHU

SPIL

TCL

VISN

WX

Short positions on Marketocracy:

CEA

CHA

EDU

IIT

KB

NTES

PTR

SHI

SKM

SNDA

STP

TSL

TSM

YZC

Remember, these are portfolios that are supposed to be viewed combined as a $2m base Long-Short fund. On that basis, mildly up should be compared with Asia ex-Japan at down some 7% or so YTD. Would rather be up more than "mildly" but, it's better than...

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