PORTLAND, Ore.--(BUSINESS WIRE)--In the chart Performance Ending December 31, 2017, "Excess Return (Gross) vs. Russell 1000 Growth Index" should read "Excess Return (Gross) vs. Russell 2500 Growth Index"
The corrected release reads:
QUEST SMID CAP GROWTH STRATEGY REACHES MILESTONE WITH THREE-YEAR COMPOSITE PERFORMANCE RECORD
Returns Exceed Russell 2500 Growth Index on One, Two, and Three-Year Basis
Since Inception, the Strategy Ranks Top Quartile in Performance and Top Decile in Information Ratio versus its Peer Universe
Quest Investment Management, LLC, an independent, employee-owned, SEC-registered investment advisor managing portfolios for institutional investors, reached a milestone with the completion of its three-year composite performance record on December 31, 2017. Performance results for Quest SMid Cap Growth strategy are presented in the table below:
| PERFORMANCE ENDING DECEMBER 31, 2017 | ||||||
|
One |
Two |
Since |
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| Quest SMid Cap Growth Composite (Gross) | 28.71% | 18.49% | 13.41% | |||
| Quest SMid Cap Growth Composite (Net) | 27.97% | 17.80% | 12.74% | |||
| Russell 2500 Growth Index | 24.46% | 16.86% | 10.88% | |||
|
Excess Return (Gross) vs. Russell 2500 Growth Index |
4.25% | 1.63% | 2.53% | |||
|
Universe Percentile Ranking |
#28 | #28 | #17 | |||
|
Performance data presented represent past performance and are no guarantee of future results. Current performance may be lower or higher than the performance data presented. Returns for periods greater than one year are annualized. Percentile rankings are based on the 71 members of the eVestment Alliance U.S. Small-Mid Cap Growth universe which have reported data as of 01/22/2018. |
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The Quest SMid Cap Growth Composite has delivered 13.41% annualized returns over the last three years, outperforming the Russell 2500 Growth Index by 253 basis points annualized. According to eVestment Alliance peer universe data, Quest’s SMid Cap Growth three-year return ranks in the top quartile of all U.S. Small-Mid Cap Growth Equity managers. The combination of strong excess return and low tracking error relative to peers provides the strategy with a since-inception information ratio in the top decile of the peer universe, highlighting the strategy’s risk-adjusted approach.
The strategy is managed by an investment committee of four investment professionals with 75 years of combined investment experience who have been managing the product since its inception. Doug Goebel, Principal and member of the investment committee, commented, “We are pleased to deliver strong absolute and relative returns to our investors with lower volatility. Employing an equal-weight, equal-conviction approach to portfolio construction has been instrumental in reducing volatility, and is unique versus others in the universe.”
About Quest Investment Management, LLC
Quest Investment Management, established in 1985, was founded upon a commitment to consistency, integrity and excellence across investments, client service and operations. Quest Investment Management is an independent, 100% employee-owned investment advisory firm managing long-only growth equity portfolios for institutional clients.
As of December 31, 2017, firm assets under management stood at $1.2 billion. Firm clients include foundations, corporations, multi-employer pensions and high-net-worth investors.
Additional information can be found on the firm’s website at www.questinvestment.com. Should you have additional questions regarding the firm’s services, please contact Jon Bettendorf at 503-221-0158 or jon@questinvestment.com.
Disclosure
Quest Investment Management, LLC (“Quest”) is an independent investment management firm registered with the SEC. Quest SMid Cap Growth Composite performance includes all discretionary, fee paying portfolios following the Firm’s investment process, which includes company research, macro-economic analysis and evaluation of other qualitative and quantitative factors. Results are equity plus cash (total fund) performance, including dividends, after the deduction of trading costs, and are presented gross and net of management fees. The benchmark return is the Russell 2500 Growth Index, which measures the performance of growth stocks (those with higher price-to-book ratios and higher forecasted growth values) within the Russell 2500 Index. The U.S. Dollar is the currency used in the performance presentation. Investing in equities may lead to losses and past performance may not be indicative of future results.
Quest Investment Management claims compliance with the Global Investment Performance Standards (GIPS®). To receive a complete list and description of Quest’s composites and/or a compliant presentation, contact Jon Bettendorf at (503) 221-0158, email info@questinvestment.com or write Quest Investment Management, 5335 Meadows Road, Suite 400, Lake Oswego, OR 97035.
Portfolio holdings and characteristics are subject to change at any time. It should not be assumed that an investment in the securities listed was or will be profitable. Information contained herein was obtained from sources believed to be reliable but accuracy cannot be guaranteed.
Source for peer analysis data is eVestment Alliance. Statistics are calculated using monthly returns since product inception 12.31.14. Managers included in this universe are available to subscribers of eVestment Alliance Services.
