OUR PERFORMANCE
Generating Excess Returns for You
Word of mouth referrals from satisfied clients
are the primary drivers of our success.
Our aim is to provide our clients with “value added” (excess) returns over and above traditional benchmarks, while at the same time taking on less risk than the overall market. We have successfully achieved this since we implemented our investment strategy in 2006.
Lester Asset Management’s Canadian Equity Composite* has generated significant “value added” (excess) returns versus the TSX Composite as per the tables below. As of December 31st, 2019 our annualized compound return has been 10.6% per year since July 2006, which is higher than the 5.9% annualized return of the TSX Total Return (including dividends). These returns rank us among the top performing Canadian equity managers in the country, and were achieved with lower risk** than the market. Our returns for fixed income and balance portfolios have also been well above relevant benchmarks and industry averages.
|
Annualized Returns |
1 year |
3 year |
5 year |
10 year |
since July '06 |
|
LAM |
17.9% |
6.4% |
6.6% |
11.3% |
10.6% |
|
TSX Composite TR |
22.9% |
6.9% |
6.3% |
6.9% |
5.9% |
|
Excess Return* |
-5.0% |
-0.5% |
0.3% |
4.4% |
4.7% |
|
Cumulative Returns |
YTD |
1 year |
3 year |
5 year |
10 year |
Since July '06 |
|
LAM |
17.9% |
17.9% |
20.3% |
37.7% |
192.8% |
291.7% |
|
TSX Composite TR |
22.9% |
22.9% |
22.1% |
35.6% |
94.9% |
118.0% |
|
LAM Value Added |
-5.0% |
-5.0% |
-1.8% |
2.1% |
97.9% |
173.7% |
|
Calendar Returns |
2019 |
2018 |
2017 |
2016 |
2015 |
2014 |
2013 |
|
LAM |
17.9% |
-13.6% |
14.1% |
24.7% |
-11.3% |
8.8% |
17.8% |
|
TSX Composite TR |
22.9% |
-8.9% |
9.1% |
21.1% |
-8.3% |
10.5% |
13.0% |
|
LAM Value Added |
-5.0% |
-4.7% |
5.0% |
-3.6% |
-2.0% |
-1.8% |
4.8% |
|
Calendar Returns |
2012 |
2011 |
2010 |
2009 |
2008 |
2007 |
2006 (6 months) |
|
LAM |
16.8% |
4.5% |
28.1% |
58.2% |
-40.8% |
13.9% |
20.0% |
|
TSX Composite TR |
7.2% |
-8.7% |
17.6% |
35.1% |
-33.0% |
9.8% |
12.5% |
|
LAM Value Added |
9.6% |
13.2% |
10.5% |
23.1% |
-7.8% |
4.1% |
7.5% |
*As measured by the dollar-weighted-average returns of all segregated equity portfolios managed by LAM prior to December 2011, and by the returns of the Lester Canadian Equity Fund since January 2012.
* As measured by the Standard Deviation (volatility) of our monthly returns versus the TSX Composite.
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