BUR - Jackson Peak Capital Q4 2023 Update

2024-02-11 11:25:00 ET

Summary

• Jackson Peak is an alternative investment firm that manages a single, concentrated, long / short equity portfolio. The firm’s objective is to deliver attractive risk-adjusted, absolute returns.
• Q4 was a strong quarter for Jackson Peak, which returned +12.0% gross / +9.9% net.
• 2024 should be an eventful year filled with investable opportunities from developments in key thematic areas (AI), more special situations (higher M&A volume; election year), the likely beginning of a rate cutting cycle, and the constant nature of markets driving valuations to attractive (or unattractive) levels.

Dear Investment Partners,

Jackson Peak Capital’s objective is to deliver attractive risk-adjusted, absolute returns. We are striving to achieve equity-like returns while taking significantly less directional market risk and having low correlation to overall equity markets.

The firm launched in March 2023, so the completion of Q4 2023 marks ten months of investment activity. Q4 was a strong quarter for Jackson Peak, which returned +12.0% gross / +9.9% net. ¹ Broad equity markets declined in October, continuing the trend we saw in Q3, before staging a sharp reversal to recover in November and December....

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