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 29th. 2019 our annualized compound return has been 10.8% per year (9.6% net of all fees) since July 2006, which is close to double the 5.6% 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 |
10 year |
since July '06 |
|
LAM (net of fees) |
1.4% |
4.7% |
9.6% |
5.8% |
5.4% |
14.1% |
9.6% |
|
TSX Composite TR |
8.1% |
4.9% |
9.3% |
5.1% |
5.4% |
9.5% |
5.6% |
|
LAM Value Added |
-6.7% |
-0.2% |
0.3% |
1.5% |
0.3% |
4.6% |
3.9% |
|
Cumulative Returns |
YTD |
1 year |
3 year |
5 year |
10 year |
Since July '06 |
|
LAM (net of fees) |
14.6% |
1.4% |
31.6% |
32.3% |
273.9% |
220.1% |
|
TSX Composite TR |
13.3% |
8.1% |
30.4% |
30.3% |
147.7% |
101.0% |
|
LAM Value Added |
-1.3% |
-6.7% |
1.2% |
-2.0% |
126.2% |
119.1% |
|
Calendar Returns |
2019 |
2018 |
2017 |
2016 |
2015 |
2014 |
2013 |
|
LAM (net of fees) |
14.6% |
-13.6% |
14.1% |
24.7% |
-11.3% |
8.8% |
17.8% |
|
TSX Composite TR |
3.3% |
-8.9% |
9.1% |
21.1% |
-8.3% |
10.5% |
13.0% |
|
LAM Value Added |
1.3% |
-4.7% |
5.0% |
-3.6% |
-2.0% |
-1.8% |
4.8% |
|
Calendar Returns |
2012 |
2011 |
2010 |
2009 |
2008 |
2007 |
2006 (6 months) |
|
LAM (net) |
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 (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.
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