 |
It is important to represent demonstrably and objectively to prospective clients that the BL-SH strategy works. In order to accomplish this, the firm of Callan Associates* Inc. (www.callan.com), one of the largest and most respected firms engaged in performance analysis and asset management consulting in the world, was retained by BL-SH. Callan was first commissioned in 1995 to test the Program's strategy and formulae over a twenty year period, beginning in 1976. These years were chosen to demonstrate a wide range of up and down stock market swings. This procedure is called "backtesting." Using the data developed in concert with Callan, a model portfolio was developed in 1997 and in 2002 Callan was again commissioned to measure its performance. Since that time, the Program's performance has been periodically monitored and measured against the S&P 500 and Callan's own database of successful investment managers. While the asset mix of the Program has evolved, the underlying formulas used to indicate periods of opportunity and caution have remained constant since they were first developed in 1994. The Program went "live" in 2003.
*The latest Callan report is available on this website.
Investment Performance
Site credits