Clearly defined objectives
Our objectives are clearly defined, and we measure success in three ways:
Absolute-return objective
Equity and alternative mandates: Minimum annual return of CPI + 7%, over three-year rolling periods.
Income mandate: Minimum annual return of CPI + 1%, over three-year rolling periods.
Relative-to-benchmark objective
Outperform relative benchmarks over three-year rolling periods.
Relative-to-peers objective
Performance in the top quartile of highly respected peer groups.
Achieving the relative measures is largely a consequence of achieving our absolute-return objective.