# Investor Letter

**URL:** <https://forum.numer.ai/t/investor-letter/5934>\
**Category:** Tournament\
**Created:** [December 13, 2022, 8:10am UTC](https://forum.numer.ai/t/investor-letter/5934 "2022-12-13T08:10:59Z")\
**Posts on this page:** 2\
**Page:** 1

<div class="post-metadata">

**Author:** ![nyuton](https://yyz1.discourse-cdn.com/flex009/user_avatar/forum.numer.ai/nyuton/32/687_2.png) [@nyuton](https://forum.numer.ai/u/nyuton)\
**Post date:** [December 13, 2022, 8:10am UTC](https://forum.numer.ai/t/investor-letter/5934/1 "2022-12-13T08:10:59Z")

</div>

[Numerai Investor Letter here](https://numerai-newsmail.capteccrm.com/doc/A892173F865220D2277B623DA3EA97B123EC3A7426C911A839C109F350A53CEF7CF9A6F3D5279842892DB39402F93B316E7D109C5A73A1D7B158BDB717AEA8BEEB816797145862250148AB02EB46D3F1EF0AEE4FDC686E0BC7AF7AF608F85002D0834146F08759AE47FB9020C38221AC)

Good read this month 🙂

---

<div class="post-metadata">

**Author:** ![nyuton](https://yyz1.discourse-cdn.com/flex009/user_avatar/forum.numer.ai/nyuton/32/687_2.png) [@nyuton](https://forum.numer.ai/u/nyuton)\
**Post date:** [January 18, 2023, 8:06am UTC](https://forum.numer.ai/t/investor-letter/5934/2 "2023-01-18T08:06:44Z")

</div>

From the latest Investor Letter.  
“When your sharpe ratio is above 2, you don’t need a marketing department” - Richard

Last 12 Months Performance Gross of Fees (2022-01-01 — 2022-12-31)  
Annualized Return Gross of Fees 26.17%  
Annualized Volatility 12.77%  
Sortino Ratio 3.07  
**Sharpe Ratio 2.05**  
Max Drawdown -7.62%  
Return Over Max Drawdown 3.43  
Percent Up Months 66.67%