The fourth quarter of 2021 was volatile. Despite this, for the calendar year, the benchmark posted a 6.5% total return versus our strategy’s 17.2%. The latter figure reflects a blended return between the inherited portfolio and the ‘new’ manager’s positions.
On a pure standalone basis, the ‘new’ portfolio posted a 24.03% total return for the year. Continued progress was made reconstituting remaining legacy portfolios to the ‘new’ model, which will accelerate now we have moved our internal platform to one that offers enhanced dealing functionality.
Investors should note that past performance is not a reliable indicator of future performance. Your capital is at risk and you may not get back the full amount invested.