Westport Resources (www.westportresources.com), a leading independent investment and financial planning firm serving individuals, families, municipalities and institutions around the world, is pleased to announce that several of its proprietary investment strategies received top rankings through the third quarter of 2013 from investment research firms Informa Investment Solutions and Morningstar.
From Informa’s PSN manager ranking database (the longest running investment manager database in North America), Westport Resources’ Special Income strategy (managed by Joseph Tatusko) is impressively ranked Top Gun Best of the Best, (third for the past year and fifth for the past three years) in the Global Fixed Income Universe category. “Top Guns” status means the strategy was among the top ten performers in its respective peer group.
From Morningstar, Westport Resources’ Absolute Total Returns (Long/Short Equity) strategy (managed by Shawn Blau) received an impressive ranking of four stars “overall.” It is also notably four-star ranked for three years and five-star ranked for five years with “above average” risk. Additionally, Westport Resources’ Special Income (Aggressive Allocation) and Exchange-Traded Fund (World Stock) strategies (both managed by Tatusko) and its Diversified Value (Large Blend) strategy (managed by William Matthes) are ranked four stars for five years with “low” risk ratings in their respective categories.
Morningstar rates investment strategies from one to five stars based on how well they've performed in comparison to similar strategies. Within each Morningstar category, the top 10 percent of strategies receive 5 stars and the next 22.5 percent receive 4 stars. Strategies are rated for up to 3 time periods (3, 5 and 10 years) and these ratings are combined to produce an overall rating.
“Congratulations to Shawn, Joe and Bill for their excellent work,” John Vaccaro, CEO of Westport Resources, said. “When strategies perform well over an extended period with ‘low’ risk, it’s a noteworthy achievement.”
GIPS® (Global Investment Performance Standards) verification is set forth by the Chartered Financial Analyst Institute. It is an optional examination of a financial firm’s processes, calculations and presentation.