 |
 |
|
| |
1980 |
1981 |
1982 |
1983 |
1984 |
1985 |
1986 |
1987 |
1988 |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
Client Annual Returns % |
22.3 |
3.4 |
19.1 |
22.3 |
9.4 |
25.3 |
4.5 |
1.9 |
20.1 |
20.9 |
-2.5 |
13.2 |
-0.1 |
21.8 |
4.4 |
Benchmark Annual Returns % |
30.1 |
-10.3 |
5.5 |
35.5 |
-2.4 |
25.1 |
9.0 |
5.9 |
11.1 |
21.4 |
-14.8 |
12.0 |
-1.4 |
32.6 |
-0.2 |
| |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
|
|
Client Annual Returns % |
16.4 |
25.8 |
29.1 |
7.6 |
4.8 |
19.9 |
7.5 |
-3.8 |
13.6 |
13.05 |
14.18 |
18.34 |
3.86 |
|
|
Benchmark Annual Returns % |
14.5 |
22.3 |
16.2 |
8.4 |
23.6 |
3.8 |
-9.2 |
-12.6 |
17.5 |
10.26 |
14.88 |
15.88 |
3.32 |
|
|
Performance Presentation
Disclosure Notes
All client returns for the period December 31st, 1996 to December 31st, 2006 are independently audited and meet the performance disclosure standards of the CFA Institute (formerly known as the Association for Investment Management and Research or AIMR). In addition, client returns for 2006 have been presented and prepared in compliance with the Global Investment Performance Standards (GIPSŪ). Returns for the period 1979 through 1995 are those of clients who commenced with the firm in 1979. The performance for these clients has been used for this period as we believe they are representative of all Equity clients. These returns have not been calculated according to CFA Institute (formerly AIMR) performance presentation standards, which we introduced in 1996. For the period December 31st, 1979 to December 31, 1995 the Benchmark for Equity clients was the TSE 300. For all subsequent periods the Benchmark has comprised the major North American and International equity and fixed income indices. All client returns are before fees.
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