In order to hold ourselves accountable for our returns, we have clearly defined our objectives and as a result, we measure success three ways:
Absolute return objective
- Annual return of CPI + 7%, over three year rolling periods.
Relative to benchmark objective
- Outperform stated benchmark over three year rolling periods.
Relative to peers objective
- Performance in the top quartile of broad, and selected, group of peers.
Achieving the relative measures is largely a consequence of achieving our absolute return objective.