By doing a pretty good job of getting the macro right over the past seven years, Oristano Capital has outperformed most of the domestic large core managers in the Zephyr database*. Here are some statistics (seven year performance ending September 30, 2009) as to how we have stacked up against these domestic advisors:
- We rank #2 in overall performance out of a database consisting of 277 domestic large core advisors.
- We rank #3 in lowest risk as defined by standard deviation for this same group of advisors.
- The fact that we have captured 79.8% of the upside performance of the S&P 500 but only 39.87% of the downside goes a long way in explaining the paradox of our high return but moderate risk performance.
- Oristano is currently 3.12% from its high water mark vs. the S&P’s 39.87%.
Please visit my December Newsletter for my preview of what we may expect to see in the New Year.
Thanks for your continued loyalty in good, bad and average return years. Happy New Year.
Joe
*Oristano does not know which specific advisers Zephyr Associates used in its performance and risk comparisons. Investors should be aware that other advisers’ portfolios may have a different composition, volatility, risk, investment philosophy, holding times, and/or other investment-related factors that may affect the portfolios’ ultimate performance results. While Oristano has a reasonable belief the Zephyr’s analysis methodology is sound, it has not independently verified any of the comparison calculations and cannot confirm their accuracy.