Brian Skally Profile Picture Individual Investor

Brian Skally

Chief Officer,Maritime

  • EducationBA, Economics

Absolute Returns

I purchase securities which are mispriced as a result of extraordinary corporate events.  I seek to achieve positive returns regardless of overall market conditions, and low correlation with the broad market over a prolonged period.

Risk score

Risk Score 4
4
13.3%

Best 30 days

-10.9%

Worst 30 days

Performance

  • -2.5%
    30 day
  • -3.7%
    90 day
  • -1.8%
    365 day
    February 13, 2012
Monthly vs S&P500
Brian Skally - Absolute Returns Monthly vs S&P500
-12.4% 12 months
Invest

Portfolio currently closed to new investors. Let me know if space becomes available.

  • $20,000 investment min
  • 0.5% fee

Exposure

Top 5 securities View all

Portfolio commentary

  1. The Absolute Returns portfolio’s new lineup

    27 May 2014

    Why I sold off Lands' End and Woori Investment.

  2. We've added Ocean Rig and Woori Finance to the portfolio, sold Blackstone 12 November 2013
  3. Takeover play Saks still has strong upside potential 6 August 2013
  4. Our position in Blackstone looks like a winner 14 May 2013
  5. We've used the stock rally to reposition our portfolio 13 March 2013

show more


Performance detail

  • Manager (net of fees)

Performance

Covestor inception February 13, 2012

as of October 30, 2014 Manager (net of fees) S&P 500
Past 30 days -2.5% 1.3%
Past 90 days -3.7% 4.1%
Past 365 days -1.8% 15.5%
Since Covestor inception (Annualized) 25.9% 17.9%
2014 (YTD) -2.0% 9.7%
2013 38.9% 32.4%

Risk metrics

Last 365 days

as of October 30, 2014 Manager (net of fees) S&P 500
Best 30 days 5.6% 7.9%
Worst 30 days -10.9% -6.7%
Volatility 9.7% 11.0%
Sharpe Ratio - 0.18 1.41
Sortino Ratio - 0.28 1.85
Maximum Drawdown -13.6% -7.3%
Value-at-risk (95%, 1 week) -2.2% -2.5%
vs. S&P 500
Information Ratio - 2.22
Alpha -10.9%
Beta 0.64
R-Squared 0.53
Invest

Portfolio currently closed to new investors. Let me know if space becomes available.

  • $20,000 investment min
  • 0.5% fee

Latest transactions View all

Average trades per month 3.0
Executed Symbol Security Replicable Type Price
10/30/14 FRFHF Fairfax Financial Holdings Ltd Yes Sell $454.31
10/30/14 SHLDR Sears Holdings Corp   Sell $0.05
10/30/14 VGR Vector Group Ltd Yes Sell $21.79
10/30/14 CIM Chimera Investment Corp Yes Sell $3.08
10/30/14 SLM SLM Corp Yes Sell $9.34
10/30/14 VOYA Voya Financial Inc Yes Sell $38.57
10/30/14 WPX WPX Energy Inc Yes Sell $18.50
10/30/14 MLNK ModusLink Global Solutions Inc Yes Sell $3.53

Important Information

  1. Past performance is no guarantee of future results.
  2. Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions and broker commissions. Manager returns include trades and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
  3. Average client returns are calculated by Covestor and are composed of the average, time-weighted returns of all active client investments (some of which may contain investment restrictions) to the underlying portfolio. These daily average returns are then linked together for the timeframe presented. These returns include cash, dividends, earnings distributions, brokerage commissions and Covestor advisory fees.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. Benchmarks presented are total return and therefore inclusive of cash, dividends and earnings distributions but not transaction costs. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications are provided by Covestor, and are intended to serve as a general guide.
  9. Transactions that are marked as "Replicable" passed Covestor's trading rules and were eligible for replication at the time of execution, subject to individual client constraints. Eligibility for replication may change over time. Actual client investment trade activity may vary.
  10. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index.