Investment returns are based on the total assets in our investment account, which are managed by DME Advisors, LP and include the majority of our equity capital and collected premiums.
Our investment advisor and its affiliates manage and expect to manage other client accounts besides ours, some of which have objectives similar to ours. To comply with Regulation FD, our investment returns (net of fees and expenses) are as follows:(1)
Net Monthly Returns:
September 2016: (1.2)%
Net Quarterly Returns:
Prior Years' Returns
(1) Investment returns are calculated monthly and compounded to calculate the quarterly and annual returns. Actual investment income may vary depending on cash flows into or out of the investment account. Past performance is not necessarily indicative of future results.
(2) Represents partial year results through 30-September-2016.
As of 30-September-2016, the largest disclosed long positions in our investment portfolio are AerCap, Apple, CONSOL Energy, General Motors, gold and Healthcare D. DME Advisors, LP discloses to us all investments, but may choose not to disclose certain positions to investors in their affiliated funds, in order to protect its investment strategy. Therefore, on our website we present the relevant largest long positions as disclosed by DME Advisors or its affiliates. Currently, DME Advisors has chosen not to disclose one of the largest long positions. As such, that position is labeled as Healthcare D.
As of 30-September-2016 our investment portfolio is approximately 97% long and 72% short. All exposure information is calculated on a delta adjusted basis and excludes credit default swaps, interest rate swaps, sovereign debt, currencies, commodities, volatility indexes and derivatives on any of these instruments.
The foregoing investment returns are interim and unaudited, and are provided for informational purposes only and are not intended to be used for investment purposes. Neither we nor our data or content providers guarantee the accuracy or completeness of any financial results or other data displayed, nor shall any such party be liable in any way to the reader or any other person, firm or corporation whatsoever for any delays, inaccuracies, errors in, or omission of any such information or data or the transmission thereof, or for any actions taken in reliance thereon or for any damages arising therefrom or occasioned thereby or by reason of nonperformance or interruption, or termination, of the investment results for any cause whatsoever.