• Vesper Capital Management, a unique academic / private sector collaborative, draws upon over sixty years of quantitative research from investment management experience to develop custom indices (UTRNX) and investment products designed to provide low cost downside risk protection and maintain upside return potential for the index investing.

Index Fact Sheet

Beta vs Market Volatility (pdf)

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UTRNX_Fact Sheet_06.30.2018 (pdf)

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Index Performance 2008-2018 (pdf)

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30-day Rolling Excess Return vs VIX (pdf)

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Vesper Short-Term Reversal Index (UTRNX)

Growth of 1,000 USD: January 2006 to June 2018

UTRNX is the ticker symbol of Vesper US Large Cap Short term Reversal Index.

UTRNX is an equal-weighted index consisting of twenty-five stocks selected  from the S&P 500 that will most likely benefit from the short-term  reversal effect which includes gross re-invested dividends. 





Why Last week’s Healthy Short-Term Losers can be next week's Actual Winners?

  • The short-term return reversal in stocks is an old asset pricing anomaly. It is well known that stock return performance over a short period, said daily or weekly returns, do not necessarily reflect the fundamental return components such as risk premium, future cash flow, and expected discount rate (the health conditions of the firm). In fact, the short-term stock prices often reflect investor behavioral biases such as overreaction to information, loss-aversion, and other cognitive errors as well as emotional bias.  

About Us

Dr. Victor Chow, CFA

  • Senior Investment Consultant of Vesper Capital Management and the creator of the Chow Ratio as the core methodology for developing U-Turn indicies.
  • Distinguished Professor of Global Business and Finance at West Virginia University.
  • Research and Publication.

George A. Elias

  • Co-Founder and Chief Executive Officer of Vesper Capital Management.  
  • His experience includes 18 years as CEO and Founder of Educational Impact Inc., a leading provider of online video for K-12 professional development and teacher preparation courses for higher education.  
  • He has worked as a Managing Director at The Garrett Group, a privately owned land development conglomerate, and as Regional Vice President of Commercial Lending for Mellon Bank/Summit Bank. 
  • George has also been an angel investor and served on numerous private equity and corporate boards.  
  • Mr. Elias graduated Summa Cum Laude from Susquehanna University with a dual Bachelor of Science degree in finance and economics.

John V. Thompson, Jr.

  • Co-Founder and President of Vesper Capital Management. 
  • Previously served for twenty one years as Senior Vice President at Emerald Advisers, where he was responsible for the oversight and implementation of institutional sales, marketing and client retention and was instrumental in growing the firm from $75 million to $4 billion in assets under management.  
  • Prior to this, he served for seven years as Vice President-Portfolio Management/Marketing for Cashman Farrell and Associates. Mr. Thompson started his career as an account executive at Dean Witter Reynolds. 
  • Mr. Thompson earned a B.A. degree in business administration from Gettysburg College and holds his Series 7, 63, and 65 licenses. 

Contact Us

Get Started Today

Vesper Capital Management

John Thompson
(215) 704-6630

Hours

Monday - Friday: 9am - 5pm

Saturday - Sunday: By appointment


disclaimers

Index returns shown prior to June 6, 2018 reflect back-tested performance, which is NOT actual performance, but is hypothetical. No entity achieved the back-tested performance shown.  The back-tested return calculations are based on the same methodology that was in effect when the index was officially launched. However, back-tested returns reflect the application of the index methodology with the benefit of hindsight, and the index was developed with the benefit of knowing what such back-tested returns would show. The results of such back-tested returns were used to further the development of the index to maximize the back-tested returns for the index. In addition, back-tested performance reflects material market events that are not expected to be repeated.


Index returns shown may not represent the results of the actual trading of investable assets because the index returns do not reflect the fees and expenses that would have been incurred in such trading.  Additionally, the back-tested index returns assume that the index was fully invested (i.e., no cash was included). You cannot invest in an index. 


Actual results may significantly differ from the back-tested returns being presented, and back-tested performance is not an indication of future results.  This information is provided for illustrative purposes only.