Rhode Island Employees’ Retirement System
Aristeia seeks to produce attractive risk-adjusted returns in all credit spread environments by creating an
alpha-focused portfolio that drives performance.
ARISTEIA CAPITALⓇ
HY Index Beginning
of Month Spread
Percentile
(since August 1997 inception)
0th - 25th
25th - 50th
50th - 75th
75th - 100th
HY Index Beginning
of Month Spread
(over UST)
< 377 bp
377-473 bp
473-645 bp
> 645 bp
AIL, Class A²*
Net Return
*For other classes see Appendices 4-6
Aristeia Performance
Attractive returns at all spread levels
0.85%
0.98%
0.83%
1.12%
Average Monthly Return
(since August 1997 inception)
HY Index
Excess Return
over UST
("Credit Return")
(0.01%)
0.10%
0.06%
0.61%
HY Index Total
Return
0.28%
0.54%
0.35%
1.13%
HY Index refers to the ICE Data Indices High Yield Cash Pay Index (JOAO). All HY Index calculations are performed by the index provider. See end note 6.
Source: Bloomberg, L.P.
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