DENVER, Sept 12, 2018—361 Capital, a leading boutique asset manager, today announced that it has been named a Top Performing Manager in the Domestic Blend Equity category by Pensions & Investments.
The 361 U.S. Small Cap Equity strategy was named to the list for its five-year gross and net performance. The strategy returned 16.87%, gross of fees, and 15.83%, net of fees, for the five- year period ending June 30, 2018, according to Morningstar Separate Account/CIT Fund Database.
Stemming from 30 years of research, the 361 U.S. Small Cap Equity strategy is based on a time-tested quantitative process that seeks to forecast changes in analyst estimates and corporate earnings announcements, which the firm believes drive stock prices. The 361 U.S. Small Cap Equity strategy was launched 21 years ago and is managed by 361's Co-Chief Investment Officer John Riddle, CFA, and Managing Director and Portfolio Manager Mark Jaeger, CFA, CPA.
Pensions & Investments, owned by Crain Communications Inc., is the 44-year-old global source for news and information of money management. P&I is written for executives at defined benefit and defined contribution retirement plans, endowments, foundations and sovereign wealth funds, as well as those at investment management and other investment-related firms. Pensions & Investments provides timely and incisive coverage of events affecting the money management and retirement businesses.
361 Capital LLC claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS® standards. 361 Capital has been independently verified for the periods January 1, 2001 through December 31, 2017. Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS® standards on a firm-wide basis and (2) the firm's policies and procedures are designed to calculate and present performance in compliance with the GIPS® standards. The verification and performance examination reports are available upon request by contacting 361 at info@361capital.com. Performance shown prior to 11/1/2016 include results achieved by a portfolio management team while it was a part of BRC Investment Management.
1. The Firm, 361 Capital LLC, is an independent investment adviser registered under the Investment Advisers Act of 1940.
2. The 361 U.S. Small Cap Equity Composite was created on October 31, 2016. The composite was previously the BRC Small Cap Concentrated Composite. Performance results prior to 361 Capital LLC's acquisition of BRC on 10/31/2016 represent accounts managed by the firm's employees and members who made up substantially all the investment decision makers at BRC. This composite includes all U.S. Small Cap Equity accounts over $100 thousand that have been under management for at least one month. All accounts have target allocations to small-cap securities of at least 90%. Any account that has a cash flow larger than 10% of the composite is removed from the composite. Beginning January 1, 2010 composite policy also requires the temporary removal of any portfolio incurring a significant cash flow larger than 50% of portfolio assets. Beginning January 1, 2013, composite policy requires the temporary removal of any portfolio incurring a significant cash flow larger than 10% of portfolio assets. The temporary removal of such an account occurs at the beginning of the month in which the significant cash flow occurs and the account re-enters the composite in the month following the cash flow or full investment in the strategy. Additional information regarding the treatment of significant cash flows and a complete list and description of firm composites is available upon request by contacting 361 at info@361capital.com.
3. The benchmark for the composite is the Russell 2000 Index. The benchmark and composite returns include the reinvestment of income, but the composite does not include trading costs, management fees or other costs.
4. All returns are expressed in U.S. dollars.
5. Net-of-fees performance returns are calculated by deducting the actual management fees and trading costs, or a bundled (WRAP) fee, from the gross composite return. Bundled fee accounts make up a portion of the composite for all periods shown, as disclosed above. Wrap fee schedules are provided by independent wrap sponsors and are available upon request from the respective wrap sponsor.
6. The standard management fees range 0.95% to 0.70%. Please refer to the ADV for additional details. In addition to a management fee, some accounts pay an all-inclusive fee to a wrap sponsor which is based on a percentage of assets under management. Along with brokerage commissions, this fee may include portfolio monitoring, consulting services, and custodial services.
7. Composite Internal dispersion is calculated using the asset-weighted standard deviation of all portfolios that were included in the composite for the entire year.
8. Supplemental Information – Gross-of-fees performance returns are presented before management, custodial fees and trading expenses on bundled fee accounts.
9. Performance figures are based upon historical information and do not guarantee future results. Investing involves, risk, including possible loss of principal. Actual results may differ from composite results depending upon multiple factors including the size of the account, investment objectives and restrictions, the amount of transaction and related costs, significant cash flows into or out of the account, and the inception date of the account. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request (info@361capital.com).