Lennox Financial does not provide performance numbers for managed accounts the way mutual funds do because each account is managed on an individual basis according to the investment policies agreed upon with the client. Performance may vary widely due to different guidelines requested by the people we serve.
Our managed accounts outperform the indexes
for good reason.
One example of risk control was our success after the technology bubble popped. We are pleased to report that all of our accounts turned in positive performances during 2000 and 2001 when all the major stock indexes lost money. By trying to not lose money in down markets, and by trying to track the market as it goes up during rising periods (such as 2003 through 2007), we are able to provide an excellent cumulative return. Aggressive risk control does mean that we may experience short term underperformance when the markets are rising. (But hopefully the payoff comes when markets fall, such as during the 2008 and 2009 financial crisis.) Again, we felt the stock market was overpriced in late 2019 and January 2020. Our defensive posture resulted in significantly less volatility (loss) for our clients when the market corrected due to the Covid virus. We do not subscribe to the "buy and hold" philosophy. Performance is due to a unique mix of asset allocation and risk management in an environment of dynamic supervision. While we have enjoyed long periods of outperformance, it must be pointed out that each client account is unique and may vary from the average account, plus past performance does not provide any guarantee regarding future returns. Anticipated returns are discussed individually with each client or potential client.
Note: In addition to conservative (long only) managed accounts we also are experiencing great success with multi-directional trading based on the Nomothetic Theorem. The trading model that the Nomothetic Theorem uses includes hedge fund activities and investments such as options, and short selling. This type of "All-Weather Investing" account is only available on an idividual basis to qualified individuals. There is no fund or other trading vehicle organized at this time, but we welcome your inquiry regarding our unique personal services designed to enhance your investment returns.