SMID Value – PSN Top Guns – Q4 2023
The Cambiar SMID Value portfolio was recognized by PSN as a Top Gun strategy for Q4 2023.
Cambiar Investors has been named to the PSN Top Guns List of best-performing separate accounts, managed accounts, and managed ETF strategies for Q4 2023. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.
“Achieving Top Gun status confirms that Cambiar Investors has outperformed their peers in a meaningful way. – Nick Williams, Zephyr
“As the needs and viewpoints of investors are becoming more diverse, investment advisors must incorporate strategies capable of being customized to their client’s goals. SMA strategies are becoming increasingly important as an efficient tool to provide custom investment solutions for portfolios of all sizes and have seen asset growth of over 19% in 2023. It is also increasingly important for managers to identify quality SMA strategies. Zephyr PSN has been helping advisors find quality products for 40 years,” says Nick Williams, Product Manager of PSN at Zephyr.
Through a combination of PSN’s proprietary performance screens, the PSN Top Guns List ranks products in six categories in over 75 universes based on continued performance over time. The peer groups were created using the information collected through the PSN investment manager questionnaire and uses only gross-of-fee returns.
Cambiar’s SMID Value strategy was given a Top Gun 6 Star rating, meaning our SMID Value had an r-squared of 0.80 or greater relative to the style benchmark for the recent five-year period. Moreover, the strategy’s returns exceeded the style benchmark for the three latest three-year rolling periods. Products are then selected which have a standard deviation for the five-year period equal or less than the median standard deviation for the peer group. The top ten information ratios for the latest five-year period then become the 6 Star Top Guns.
For nearly four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 years of data, including net and gross-of-fee returns.
The complete list of PSN Top Guns and an overview of the methodology can be located at https://psn.fi.informais.com/. Registration is required.
Due to market risk and uncertainties, actual events, results or performance may differ materially from that reflected or contemplated in such forward-looking statements. The information provided is not intended to be, and should not be construed as, investment, legal or tax advice. Nothing contained herein should be construed as a recommendation or endorsement to buy or sell any security, investment or portfolio allocation.
The rating was announced on February 21, 2024 and is based on the gross returns of the SMID Value composite for the five year period ending on December 31, 2023. Cambiar did not compensate Zephyr in order to achieve its ranking but did pay Zephyr a licensing fee to use its logo on Cambiar’s website. Only firms that submitted PSN investment manager questionnaires were eligible for the award
Any characteristics included are for illustrative purposes and accordingly, no assumptions or comparisons should be made based upon these ratios. Statistics/charts and other information presented may be based upon third-party sources that are deemed reliable; however, Cambiar does not guarantee its accuracy or completeness. As with any investments, there are risks to be considered. Past performance is no indication of future results. All material is provided for informational purposes only and there is no guarantee that any opinions expressed herein will be valid beyond the date of this communication. For more information regarding performance, please contact Cambiar.