Atlas Capital Profile Picture Investment Adviser

Atlas Capital

Atlas Capital

  • EducationBS Math, U of North Carolina Chapel Hill, MBA Stanford
  • QualificationsChief Investment Officer of Disney, Hewlett-Packard, Stanford, UAW Medical Trust. Chartered Financial Analyst.
  • Investment Experience25 years
  • Founded2003

MergerArb

The MergerArb strategy invests in U.S. based companies that Chief Investment Officer Jonathan Tunney believes are either takeover targets or potential takeover targets. It identifies companies that could be purchased by either larger public companies or private equity investors by screening for liquidity premiums and other metrics.

Performance

  • -1.7%

    Month to date

  • -2.8%

    Quarter to date

  • -2.8%

    Year to date

  • Quarterly vs S&P500

    Quarterly vs S&P500

Risk score

  • 8.2%

    Best quarter

  • -7.8%

    Worst quarter

  • $10,000 investment min
  • 1% fee
  • Required: Margin account

Exposure

23.0%
22.9%
19.3%
18.7%
15.1%
  • Utilities
  • Communications
  • Consumer, Cyclical
  • Technology
  • Energy

Top 5 securities View all

23.0%
22.9%
19.3%
18.7%
15.1%

Portfolio commentary

  1. Why oil prices will come back to life in 2016

    9 October 2015

    The gap between energy supply and demand will close in 2016.

  2. Staying Zen in volatile times 26 August 2015
  3. Roadmap for an aging bull market 3 August 2015
  4. Bull Fever: The outbreak of $100-plus stocks 26 June 2015
  5. Biotech stocks? Proceed with caution 6 April 2015

show more


Performance detail

  • Manager (net of fees)

Performance

Portfolio inception May 19, 2010

as of February 09, 2016 Manager (net of fees) S&P 500
Month-to-date -1.7% -4.5%
Quarter-to-date -2.8% -9.4%
Last 365 Days -12.3% -9.5%
Since inception (Annualized) 6.9% 9.3%
2016 (YTD) -2.8% -9.4%
2015 -6.2% -0.7%
2014 7.5% 11.4%
2013 15.5% 29.6%
2012 20.8% 13.4%
2011 1.4% 0.0%

Risk metrics

Last 365 days

as of February 09, 2016 Manager (net of fees) S&P 500
Volatility 15.4% 16.3%
Sharpe Ratio - 0.81 - 0.60
Sortino Ratio - 1.12 - 0.84
Maximum Drawdown -19.3% -13.1%
Value-at-risk (95%, 1 week) -3.6% -3.8%
vs. S&P 500
Information Ratio - 0.22
Alpha -6.3%
Beta 0.64
R-Squared 0.46

Latest transactions View all

Average trades per month 2.7
Executed Symbol Security Type Price
02/02/16 RAD Rite Aid Corp Buy $7.87
11/18/15 DYAX Dyax Corp Buy $34.51
11/18/15 VSLR Vivint Solar Inc Sell $8.29
10/15/15 EMC EMC Corp/MA Buy $27.64
10/14/15 ALTR Altera Corp Sell $52.74
09/22/15 CVC Cablevision Systems Corp Buy $33.08
08/12/15 VSLR Vivint Solar Inc Buy $12.89
08/12/15 T AT&T Inc Sell $33.73

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 asset-weighted average 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. 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. Not all transactions listed will appear in your account due to Covestor's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  10. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index. For certain portfolios we use an investable ETF as a benchmark, in these cases returns include management fees, transaction costs and expenses.