ATAC

In an increasingly competitive industry, ATAC falls behind on a number of key metrics, resulting in a Low Parent Pillar rating. A notable weakness of ATAC is the inexperience of its longest-tenured managers compared with other asset managers. Managing capital through a full market cycle is a challenging prospect for seasoned managers, but with only about five years of average tenure, there's cause for concern. The ATAC portfolio management team has lacked continuity over the past five years, denoted by elevated levels of turnover, which bears watching. The firm has not had a durable product lineup. Specifically, its five-year success ratio demonstrates that only 0% of products were both able to survive and beat their respective category median. A low success ratio not only indicates poor performance but also raises flags about a firm’s discipline around investment strategy and product development.