Occidental, First Solar Picked by Math Fund

Occidental Petroleum and First Solar, operating on opposite ends of the spectrum, were picked by the math-based Adaptive Allocation Fund.
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Adaptive Allocation Fund

(CMFCX) - Get Report

was one of only a few newly rated funds from TheStreet.com Ratings to earn a "buy" rating, as it used mathematical models to pick a pair of companies working on the opposite side of energy production,

Occidental Petroleum

(OXY) - Get Report

and

First Solar

(FSLR) - Get Report

.

Adaptive Allocation Fund, formerly known as the Critical Math Fund, says its quantitative investment model aspires to "adapt to any given market environment, conserving capital when risk is deemed high and investing aggressively when risk is considered low."

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Goldman Sachs

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and

Fidelity Investments

government bond funds accounted for 82% of its holdings at the end of February. Adaptive Allocation Fund had a loss of 21% for the 12 months ended Feb. 28, giving it the second-best performance of newly rated funds.

RiverSource Income Builder Basic Income

(RBBAX) - Get Report

stands as the only newly graded fund on the accompanying table with the highest possible "overall" mark of A-plus from TheStreet.com Ratings. RiverSource Income Builder Basic Income's negative return of 18% was the top performance.

Overall grades in the "A" and "B" ranges equate with "buy" recommendations.

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Richard Widows is a senior financial analyst for TheStreet.com Ratings. Prior to joining TheStreet.com, Widows was senior product manager for quantitative analytics at Thomson Financial. After receiving an M.B.A. from Santa Clara University in California, his career included development of investment information systems at data firms, including the Lipper division of Reuters. His international experience includes assignments in the U.K. and East Asia.