Archives

10

July

2023

2022 Fourth Quarter Letter

During 2022, both equity and fixed income markets were at their most volatile since the pandemic outbreak and Global Financial Crisis in 2008-2009.

10

July

2023

2022 Third Quarter Letter

The 3rd quarter of 2022 was again marked by extreme volatility with both global equity and fixed income markets rebounding sharply in July only to collapse further in August and September.

15

July

2022

2022 Second Quarter Letter

The 2nd quarter of 2022 was again marked by extreme volatility with both global equity and fixed income markets suffering large declines.

29

April

2022

2022 First Quarter Letter

Notre commentaire du premier trimestre de 2022.

27

January

2022

2021 Fourth Quarter Letter

Once again, we would like to express our sincere hope that you and your loved ones have remained in good health and been able to weather this lengthy pandemic.

21

October

2021

2021 Third Quarter Letter

During the 3rd quarter of 2021, the LAM Canadian Equity Fund declined -4.5% before fees versus +0.2% for the TSX Composite Total Return.

21

July

2021

2021 Second Quarter Letter

During the 2nd quarter of 2021, the LAM Canadian Equity Fund rose +2.7% before fees versus +8.5% for the TSX Composite Total Return. Year-to-date, we are up +11.5% versus +17.3% for the TSX

6

May

2021

2021 First Quarter Letter

During the 1st quarter of 2021, the LAM Canadian Equity Fund rose +8.5% before fees versus +8.1% for the TSX Composite Total Return.

25

January

2021

2020 Fourth Quarter Letter

First and foremost, we hope that you and your loved ones are all healthy and able to cope with the challenges of this long and difficult global health crisis

16

October

2020

2020 Third Quarter Letter

During the 3rd quarter of 2020, the Lester Canadian Equity Fund rose +12.3% on a gross basis versus +4.7% for the TSX Composite Total Return (including dividends)

15

July

2020

2020 Second Quarter Letter

During the 2nd quarter of 2020, the Lester Canadian Equity Fund rose +14.2% on a gross basis versus +17% for the TSX Composite total return including dividends.

21

April

2020

2020 First Quarter Letter

To begin with, we sincerely hope that you and your families are all healthy and able to cope under the exceptional circumstances that we are living today.

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