I've now been invested personally in the hedged portfolio for A Poor Man's Hedge Fund, and publishing the contituents daily to my page on Twitter. The first two month's daily profit-and-loss is illustrated on the chart below.

Note that this portfolio is hedged against market returns by putting 40% of it's assets into the SDS ultra-short ETF. (This was originally 33%, but increased it to 40% because the out-of-sample regression onto SPY gave a positive coefficient, so I increased the hedge ratio.) The positions taken have a nominal capital of around $450,000 — without leverage these profits are equivalent to an annualized return of 13%.