This audio recording should be reviewed in conjunction with the accompanying slide presentation, which contains standardized composite performance and other important information. Access “Slides” to view.
This investor update represents the views and opinions of Chris Smith, Antero Peak Strategy portfolio manager, as of 10 January 2025, that are based on current market conditions, and are subject to change without notice. While the information contained herein is believed to be reliable, there no guarantee to the accuracy or completeness of any statement in the discussion. This material is for informational purposes only and should not be considered as investment advice or a recommendation of any investment service, product or individual security. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation.
Past performance does not guarantee future results. Current and future portfolio holdings are subject to risk.
Slugging ratio measures the ratio of averages gains on profitable investments versus the average losses on non-profitable investments. Hit Rate is a measure of an investment manager’s success rate within a portfolio, calculated as the percentage of profitable issuers in a portfolio relative to the total issuers in the portfolio. CBOE Volatility Index (VIX) is a measure of implied volatility, based on the prices of a basket of S&P 500® Index options with 30 days to expiration.
Clarification: 60% outperformance figure since inception is in reference to the cumulative return of the portfolio versus the S&P 500® Index.
