Investment Performance

Our managed accounts outperform the indexes
for good reason.

      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.
      We are pleased to report that all of our discretionary managed 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 tracking the market as it goes up during rising periods (such as 2003 and 2004), we are able to provide an excellent cumulative return. During 2005 and 2006 we have emphasized income to overcome the low average growth in the stock market and to minimize the effect of unwanted volatility. 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. This was a particularly effective approach in 2007 when profits were harvested on several occasions to mitigate risk during market downdrafts. Risk management continues to be at the forefront of our efforts in 2008. While we have generally outperformed the major stock indexes over multi-year periods, it must be pointed out that past performance does not provide any guarantee regarding future returns. Anticipated returns are discussed individually with each client or potential client based on their specific circumstances.

      Note: In addition to conservative (long only) managed accounts we also strongly believe in multi-directional trading based on the Nomothetic Theorem found on links to this web site. The trading model that the Nomothetic Theorem uses includes hedge fund activities and investments such as options, futures, 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.