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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 March 31st, 2017, our annualized compound return has been approximately 11.7% per year (10.5% net of all fees) since July 2006, which is more than double the 5.8% 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 2 year 3 year 4 year 5 year since July '06
LAM (net of fees) 20.7% 8.4% 6.5% 8.3% 10.0% 10.5%
TSX Composite TR 18.6% 5.3% 5.8% 8.3%   7.8%   5.8%
LAM Value Added  1.4% 3.1% 0.6% 0.0%   2.1%   4.7%

 

Cumulative Returns YTD 1 year 2 year 3 year 4 year 5 year  Since July '06
LAM (net of fees) 3.0% 20.0% 17.5% 20.7% 37.5% 60.8% 192.0%
TSX Composite TR 2.4% 18.6% 10.8% 18.5% 37.4% 45.8% 82.8%
LAM Value Added 0.6% 1.4% 6.7% 2.2% 0.1% 14.9% 109.2%

 

Calendar Returns 2017 2016 2015 2014 2013 2012
LAM (net of fees) 3.0% 24.7% -11.3%   8.8% 17.8% 16.8%
TSX Composite TR 2.4% 21.1%   -8.3% 10.5% 13.0%   7.2%
LAM Value Added 0.6%   3.6%   -2.0%  -1.8%   4.8%   9.6%

 

Calendar Returns 2011 2010 2009 2008 2007 2006 (6 months)
LAM (net)                         4.5% 28.1% 58.2% -40.8% 13.9%       20.0%
TSX Composite TR  -8.7% 17.6% 35.1%  -33.0%   9.8%       12.5%
LAM Value Added 13.2% 10.5% 23.1%   -7.8%   4.1%         7.5%

*As measured by the dollar-weighted-average returns (net of all fees) of all segregated equity portfolios managed by LAM prior to December 2011, and by the returns (net of all fees) of the  Lester Canadian Equity Fund since January 2012.  
* As measured by the Standard Deviation (volatility) of our monthly returns versus the TSX Composite.