UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrantx
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Preliminary Proxy Statement
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Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to §240.14a-12
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ARTIO GLOBAL INVESTORS INC.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
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Zephyr StyleADVISOR
Zephyr StyleADVISOR
Competitive Analysis
Artio International Equity Fund and Artio International Equity Fund II
Must be preceded and accompanied by the most recent fact sheet. Please view the
fact sheet for standardized performance of the Artio International Equity Fund
and Artio International Equity Fund II. The performance quoted represents past
performance, which does not guarantee future results. The investment return and
principal value of an investment will fluctuate so that an investor's shares,
when redeemed, may be worth more or less than their original cost. Current
performance of the Fund may be lower or higher than the performance quoted.
Performance data current to the most recent month end may be obtained by
calling 800 387 6977 or visiting www.artiofunds.com.
The Funds' investment objectives, risks, charges, expenses, and other
information are described in the prospectus, which must be read and considered
carefully before investing and may be obtained by calling 800 387 6977 or
visiting www.artiofunds.com.
Zephyr StyleADVISOR uses returns-based style analysis to determine managers'
investment style and to create a style benchmark for evaluating manager
performance. StyleADVISOR also tests for style consistency. Zephyr StyleADVISOR
is a third party vendor whose data is believed to be accurate, but cannot be
guaranteed.
Investing internationally involves additional risks, such as currency
fluctuations, social and economic instability, differing securities regulations
and accounting standards, limited public information, possible changes in
taxation, and periods of illiquidity. These risks are greater for emerging
markets and are fully disclosed in the prospectus. These risks are greater in
the emerging markets. Stocks of mid-capitalization companies are slightly less
volatile than those of small-capitalization companies but both still involve
substantial risk and they will be subject to more abrupt or erratic movements
than large-capitalization companies. In order to achieve its investment goals
and objectives, the Fund may invest in derivatives such as futures, options,
and swaps to a very substantial extent. Derivatives involve special risks
including correlation, counterparty, liquidity, operational, accounting and tax
risks. These risks, in certain cases, may be greater than the risks presented
by more traditional investments and are fully disclosed in the prospectus.
Please refer to the fact sheet for month-end percentage of net assets invested
in derivates.
Performance returns may be positively impacted by investments in initial public
offerings ("IPOs") and there can be no assurance that favorable IPO investment
opportunities will occur in the future.
References to other mutual funds should not to be interpreted as an offer of
these securities.
Artio Global Investors Inc. is the indirect holding company for Artio Global
Management LLC, the Adviser for the Artio Global Funds which are distributed by
Quasar Distributors, LLC.
Prepared by Artio Global Management LLC
For registered investment professional use only
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Zephyr StyleADVISOR
Manager vs Benchmark: Return
[]
November 1993 - December 2012 (not annualized if less than 1 year)
Manager vs Benchmark: Return
November 1993 - December 2012 (not annualized if less than 1 year)
1 year 3 years 5 years 10 years
----------------------------------- ------ ------- ------- --------
Aberdeen International Equity Instl 16.00% 7.93% -1.64% 12.35%
----------------------------------- ------ ------- ------- --------
Artio International Equity I 15.13% -1.33% -7.75% 7.49%
----------------------------------- ------ ------- ------- --------
Artio International Equity II I 16.81% -0.48% -5.99% 3.54%*
----------------------------------- ------ ------- ------- --------
MSCI ACWI ex USA (Net) 16.83% 3.87% -2.89% 9.74%
----------------------------------- ------ ------- ------- --------
MSCI EAFE (Net) 17.32% 3.56% -3.69% 8.21%
* Artio International Equity II inception date is 5/4/05. Returns calculated
from that date.
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Zephyr StyleADVISOR
Calendar Year Return
As of December 2012
2012 2011 2010 2009 2008 2007 2006 2005 2004
----------------------------------- ------ ------- ------ ------ ------- ------ ------ ------ ------
Aberdeen International Equity Instl 16.00% -4.67% 13.69% 35.27% -45.87% 28.11% 32.23% 29.25% 14.92%
----------------------------------- ------ ------- ------ ------ ------- ------ ------ ------ ------
Artio International Equity I 15.13% -23.34% 8.82% 23.64% -43.73% 17.84% 32.07% 17.40% 23.58%
----------------------------------- ------ ------- ------ ------ ------- ------ ------ ------ ------
Artio International Equity II I 16.81% -21.84% 7.97% 24.79% -40.32% 16.45% 29.02% N/A N/A
----------------------------------- ------ ------- ------ ------ ------- ------ ------ ------ ------
MSCI ACWI ex USA (Net) 16.83% -13.71% 11.15% 41.45% -45.53% 16.65% 26.65% 16.62% 20.91%
----------------------------------- ------ ------- ------ ------ ------- ------ ------ ------ ------
MSCI EAFE (Net) 17.32% -12.14% 7.75% 31.78% -43.38% 11.17% 26.34% 13.54% 20.25%
Created with Zephyr StyleADVISOR. Manager returns supplied by: eVestment
Alliance, Morningstar, Inc. For registered investment professional use only
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Zephyr StyleADVISOR
Risk / Return
June 2005 - December 2012 (Single Computation)
Beta Alpha R-Squared R-Squared Tracking Error
Return Std Dev Downside Risk Sharpe
vs. vs. Market vs. Market vs. Style vs. Market
Observs.
(%) (%) (%) Ratio
Market (%) (%) (%) (%)
----------------------------------- ------ ------- ------------- ------ ---------- ---------- ---------- ------ --------------
--------
Aberdeen International Equity Instl 9.83 22.05 16.85 1.0638 5.60 92.58 78.28 0.3649 6.1376 91
----------------------------------- ------ ------- ------------- ------ ---------- ---------- ---------- ------ --------------
--------
Artio International Equity I 2.92 20.39 15.88 0.9894 -0.97 93.60 79.34 0.0554 5.1618 91
----------------------------------- ------ ------- ------------- ------ ---------- ---------- ---------- ------ --------------
--------
Artio International Equity II I 3.60 20.00 15.42 0.9717 -0.29 93.83 79.94 0.0906 5.0002 91
----------------------------------- ------ ------- ------------- ------ ---------- ---------- ---------- ------ --------------
--------
MSCI ACWI ex USA (Net) 5.63 20.80 16.03 1.0342 1.46 98.34 83.20 0.1848 2.7630 91
----------------------------------- ------ ------- ------------- ------ ---------- ---------- ---------- ------ --------------
--------
MSCI EAFE (Net) 4.09 19.94 15.41 1.0000 0.00 100.00 82.78 0.1152 0.0000 91
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Zephyr StyleADVISOR
Upside / Downside
June 2005 - December 2012 (Single Computation)
Average Return (%)
# of Months Month (%) 1-Year (%) Market Benchmark (%)
vs. Market
=== ======== ================== ===== ======= ===== ======= ======= ======= =========
Up Down Up Down
Up Down Best Worst Best Worst R-Squared
Market Market Capture Capture
----------------------------------- --- -------- ------ ----------- ----- ------- ----- ------- ------- ------- ---------
Aberdeen International Equity Instl 55 36 5.00 -4.60 14.43 -22.20 66.91 -54.99 124.2 99.5 92.58
----------------------------------- --- -------- ------ ----------- ----- ------- ----- ------- ------- ------- ---------
Artio International Equity I 51 40 4.20 -4.87 12.23 -18.42 51.18 -51.31 100.1 103.4 93.60
----------------------------------- --- -------- ------ ----------- ----- ------- ----- ------- ------- ------- ---------
Artio International Equity II I 51 40 4.20 -4.75 12.39 -17.10 49.74 -47.86 99.9 101.4 93.83
----------------------------------- --- -------- ------ ----------- ----- ------- ----- ------- ------- ------- ---------
MSCI ACWI ex USA (Net) 54 37 4.47 -4.70 13.63 -22.02 62.77 -51.53 108.0 100.9 98.34
----------------------------------- --- -------- ------ ----------- ----- ------- ----- ------- ------- ------- ---------
MSCI EAFE (Net) 53 38 4.20 -4.66 12.80 -20.18 54.58 -50.22 100.0 100.0 100.00
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Zephyr StyleADVISOR
Multi-Statistic
June 2005 - December 2012
Multi-Statistic (Custom Table)
June 2005 - December 2012: Summary Statistics
Alpha Beta Excess Return Information Ratio
Sharpe Pain
vs. vs. vs. vs.
Ratio Ratio
Market Market Market Market
----------------------------------- ------ ------ ------------- ------ ----------------- -----
Aberdeen International Equity Instl 5.60% 1.06 5.75% 0.36 0.94 0.42
----------------------------------- ------ ------ ------------- ------ ----------------- -----
Artio International Equity I -0.97% 0.99 -1.17% 0.06 -0.23 0.05
----------------------------------- ------ ------ ------------- ------ ----------------- -----
Artio International Equity II I -0.29% 0.97 -0.49% 0.09 -0.10 0.09
----------------------------------- ------ ------ ------------- ------ ----------------- -----
MSCI ACWI ex USA (Net) 1.46% 1.03 1.54% 0.18 0.56 0.21
----------------------------------- ------ ------ ------------- ------ ----------------- -----
MSCI EAFE (Net) 0.00% 1.00 0.00% 0.12 0.00 0.12
----------------------------------- ------ ------ ------------- ------ ----------------- -----
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Zephyr StyleADVISOR
Manager vs Benchmark: Multi-Statistic
November 1993 - December 2012 (not annualized if less than 1 year)
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Zephyr StyleADVISOR
Periodic Returns
January 2008 - December 2012
Jan Feb Mar Q1 Apr May Jun Q2 Jul Aug Sep Q3 Oct Nov
Dec Q4 Year
=================================== ==== ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2012 3.57 3.91 1.58 9.32 -0.36 -10.39 6.95 -4.50 1.66 1.26 2.49 5.51 -0.14 1.95
3.44 5.30 16.00
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2011 0.51 1.44 -0.31 1.63 6.56 -1.27 -1.99 3.11 -0.21 -6.31 -9.61 -15.49 10.47 -1.73
-0.85 7.64 -4.67
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
Aberdeen International Equity Instl 2010 -5.85 0.85 5.93 0.58 -1.28 -10.04 1.05 -10.26 9.03 -3.89 10.28 15.56 4.23 -3.76
8.66 9.00 13.69
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2009 -13.45 -11.10 8.88 -16.22 13.89 14.43 -2.73 26.76 11.54 2.47 5.90 21.04 -2.19 3.80
3.66 5.23 35.27
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2008 -9.41 2.14 -2.03 -9.36 7.11 3.35 -5.99 4.07 -6.83 -6.41 -14.40 -25.35 -22.20 -5.46
4.51 -23.13 -45.87
----------------------------------- ---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2012 7.60 5.26 -0.78 12.38 -0.16 -10.84 3.49 -7.87 -0.81 1.64 2.37 3.20 1.12 2.58
3.88 7.74 15.13
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2011 -0.40 1.93 0.75 2.29 4.57 -3.75 -1.35 -0.71 -1.54 -9.56 -15.22 -24.50 9.04 -4.17
-4.32 -0.01 -23.34
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
Artio International Equity I 2010 -5.28 -0.34 7.80 1.77 -0.94 -10.85 -1.38 -12.91 7.07 -2.13 9.87 15.14 2.85 -2.06
5.86 6.63 8.82
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2009 -11.64 -9.30 3.86 -16.77 11.98 12.23 -2.92 22.00 9.66 3.95 5.03 19.72 -3.28 3.91
1.20 1.70 23.64
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2008 -9.18 1.97 -1.91 -9.15 3.65 1.97 -7.72 -2.46 -3.89 -4.91 -15.06 -22.38 -18.42 -4.87
5.41 -18.19 -43.73
----------------------------------- ---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2012 7.33 5.27 -0.93 11.94 -0.19 -10.78 4.20 -7.20 -0.40 2.53 2.17 4.33 0.97 2.68
3.96 7.78 16.81
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2011 -0.64 1.94 0.95 2.25 4.71 -3.75 -1.17 -0.39 -1.50 -9.76 -14.80 -24.27 9.68 -3.70
-4.05 1.35 -21.84
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
Artio International Equity II I 2010 -5.69 -0.63 7.34 0.59 -1.01 -10.66 -1.43 -12.83 7.36 -2.25 10.15 15.59 2.76 -2.20
5.99 6.53 7.97
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2009 -11.11 -9.20 3.88 -16.16 11.81 12.39 -2.97 21.93 9.88 3.78 4.68 19.37 -3.15 4.10
1.43 2.27 24.79
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2008 -9.42 1.99 -1.45 -8.95 4.21 2.33 -7.96 -1.85 -2.99 -4.49 -13.34 -19.71 -17.10 -4.69
5.28 -16.81 -40.32
----------------------------------- ---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2012 6.78 5.62 -1.38 11.23 -1.58 -11.36 5.90 -7.61 1.41 2.09 3.74 7.40 0.39 1.91
3.47 5.85 16.83
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2011 0.98 2.63 -0.23 3.41 4.89 -2.88 -1.45 0.38 -1.36 -8.57 -11.13 -19.85 10.53 -5.10
-1.12 3.72 -13.71
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
MSCI ACWI ex USA (Net) 2010 -4.89 0.00 6.80 1.58 -0.88 -10.52 -1.28 -12.45 9.03 -2.75 9.95 16.58 3.41 -3.86
7.83 7.20 11.15
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2009 -8.84 -9.33 8.03 -10.71 13.63 13.54 -1.10 27.59 9.78 3.70 5.14 19.69 -1.24 2.87
2.11 3.74 41.45
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2008 -9.69 2.87 -2.20 -9.15 6.05 1.58 -8.22 -1.12 -3.60 -4.68 -15.02 -21.91 -22.02 -5.78
5.70 -22.34 -45.53
----------------------------------- ---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2012 5.33 5.74 -0.46 10.86 -1.96 -11.48 7.01 -7.13 1.13 2.69 2.96 6.92 0.83 2.42
3.20 6.57 17.32
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2011 2.36 3.30 -2.24 3.36 5.98 -2.95 -1.25 1.56 -1.59 -9.03 -9.53 -19.01 9.64 -4.85
-0.95 3.33 -12.14
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
MSCI EAFE (Net) 2010 -4.41 -0.69 6.24 0.87 -1.81 -11.51 -1.00 -13.97 9.48 -3.10 9.80 16.48 3.61 -4.81
8.10 6.61 7.75
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2009 -9.81 -10.26 6.34 -13.94 12.80 11.83 -0.57 25.43 9.13 5.44 3.83 19.47 -1.25 2.00
1.44 2.18 31.78
---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
----- ------ ------
2008 -9.24 1.43 -1.05 -8.91 5.43 0.97 -8.18 -2.25 -3.21 -4.05 -14.46 -20.56 -20.18 -5.41
6.01 -19.95 -43.38
----------------------------------- ---- ------ ------ ----- ------ ----- ------ ----- ------ ----- ----- ------ ------ ------ -----
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Zephyr StyleADVISOR
IMPORTANT ADDITIONAL INFORMATION REGARDING THE MERGER WILL BE FILED WITH THE
SEC:
In connection with the proposed merger, Artio Global will file a proxy
statement with the Securities and Exchange Commission (the "SEC"). INVESTORS
AND SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT WHEN IT BECOMES
AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. Investors may obtain a
free copy of the proxy statement (when available) and any other relevant
documents filed with the SEC from the SEC's website at http://www.sec.gov. In
addition, investors will be able to obtain, without charge, a copy of the proxy
statement and other relevant documents (when available) at Artio Global's
Website at www.artioglobal.com or by contacting Artio Global's investor
relations department by phone at 212-297-3891 or by e-mail at
ir@artioglobal.com Artio Global and its directors, executive officers and other
members of its management and employees may be deemed to be participants in the
solicitation of proxies from Artio Global's shareholders with respect to the
merger. Information about Artio Global's directors and executive officers and
their ownership of Artio Global's common stock is set forth in the proxy
statement for Artio Global's 2012 Annual Meeting of Shareholders, which was
filed with the SEC on March 19, 2012, Artio Global's Annual Report on Form 10-K
for the year ended December 31, 2011, which was filed with the SEC on February
29, 2012, and Artio Global's Current Reports on Form 8-K filed on May 14, 2012,
October 30, 2012, December 14, 2012, January 9, 2013 and January 30, 2013.
Shareholders and investors may obtain additional information regarding the
interests of Artio Global and its directors and executive officers in the
merger, which may be different than those of Artio Global's shareholders
generally, by reading the proxy statement and other relevant documents
regarding the merger, which will be filed with the SEC.
FORWARD LOOKING STATEMENTS:
This document contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. When used in this document,
the words "believe", "anticipate", "intend", "estimate", "project", "should",
"would", "anticipate", "plan", "expect" and similar expressions are intended to
identify forward-looking statements. These forward-looking statements are
subject to a number of important factors, risks, uncertainties and assumptions
that may cause the actual results to be materially different from those
reflected in such forward-looking statements, including but not limited to:
legal or regulatory proceedings or other matters that affect the timing or
ability to complete the proposed merger as contemplated or affect the
satisfaction of the conditions precedent to consummation of the proposed
merger; the possibility of disruption to our business from the proposed merger
including increased costs and diversion of management time and resources,
making it more difficult to maintain business and operational relationships,
including relationships with clients; the inability to retain key personnel in
advance of completion of the proposed merger; contractual risks including
termination of client contracts or non-performance of vendor contracts;
developments beyond the companies' control, including but not limited to
changes in domestic or global economic conditions; the risk that the proposed
merger is not completed; and other financial, operational and legal risks and
uncertainties detailed from time to time in Artio Global's cautionary
statements in its filings with the SEC, such as Quarterly Reports on Form 10-Q
and Annual Reports on Form 10-K. Investors and security holders are cautioned
not to place undue reliance on these forward-looking statements, which apply
only as of the date of this document. Artio Global does not undertake any
obligation to update its forward-looking statements to reflect events or
circumstances after the date of this document. For more information, see Artio
Global's filings with the SEC.
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