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.