Family Office Endowments Charities Foundations Pension Insurance Banks

Key Functions

Members: Individuals, Families, Family Offices, Business,
Endowments, Charities, Foundations, Pension Funds,
Insurance Companies (Life & Non-Life), Banks, Financial
Service Companies, Collective Investment Schemes
Superior selection of investment products to meet member
objectives
Investment management of: cash, currencies, commodities,
fixed income, equities, derivatives, funds
On line Portfolio View and Statements
Quarterly Economic & Capital Market Update
Full personal client servicing
Lowest Brokerage Costs
Full Liquidity

Making the most of assets: Possible Liquid Portfolios

Combinations make for higher returns at preferred level of volatility

Scale: 100% = 1% volatility, 120% = 20% volatility

Source: Barclay Global Investors

Asset Class	Ave Return	Volatility	Period	MaxRtn(year)	Min Rtn (year)
US Equities	7.9%		1802-2009
World Equities less Inflation	5.5%	17.7%	1900-2010	69.9% (1933)	-40.4% (2008)*
US Large Company	9.9%	20.4%	1926-2010
US Small Company	12.1%	32.6%	1926-2010
Long Term Corporate Bonds	5.9%	8.3%	1926-2010
Long Term Govt Bonds	5.5%	9.5%	1926-2010
Medium Term Govt Bonds	5.4%	5.7%	1926-2010
US Treasury Bills (Cash)	3.6%	3.1%	1926-2010
US Inflation	3.0%	4.2%	1926-2010
Real Estate	7.0%		1984-2009
Commodities	6.9%		1984-2009
Hedge Funds	12.2%		1990-2009
Private Equity	12.5%		1986-2009

Source: Ibbotson® SBBI®, 2011 Classic Year book: Mar ket Result s f or St ocks, Bonds, Bills, and I nf lat ion, 1926–2010 (Chicago: Morningstar, 2011).
Source: Based on Dimson, Marsh, and Staunton (2002) and as updated in Dimson, Marsh, and Staunton (2011b).
Sources: Bloomberg, MIT-CRE, S&P GSCI, Hedge Fund Research, Cambridge Associates.

* Steven J Cohen CFA Performance 2008: +22.5% (GBP)

International contact details:	Email: admin@c-bm.biz	Skype: steven.j.cohen
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