An area of strength for the firm is its relatively high portfolio manager retention over the past five years, as long-term stability tends to support positive results. The firm’s lineup has demonstrated industry-average durability. Its three-year success ratio is 40%, meaning that 40% of strategies have both survived and beaten their respective category median. A firm's success ratio indicates relative performance and provides insight into a firm’s discipline around investment strategy and product development. With an average three-year Morningstar Rating of 1.3 stars, the risk-adjusted performance of Absolute Investment Advisers's open-end and exchange-traded funds falls short of competitors.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.