What is Cable Car’s benchmark?

Cable Car is focused on generating absolute returns, seeking to compound capital above cost over long periods of time. The firm does not consider any index or benchmark in selecting its investments. Because Cable Car considers opportunities internationally, employs a long/short strategy, may use leverage, and does not limit its investments to common equity, its results will likely differ materially from broad market indices in any period.

For the purpose of performance reporting, Cable Car reports the performance of the MSCI All Country World Index alongside the performance of the Cable Car Composite. The ACWI may be representative of the performance of worldwide equity markets.

Due to its short exposure, Cable Car’s portfolio will most likely rise less than the overall market during periods of generally rising equity values and fall less than the overall market during periods of broad-market decline. Due to its concentration, Cable Car’s portfolio may not be less volatile than an index.


Posted in: Institutional allocators