OFF THE BENCH
Instead of offering returns that are measured against market-cap-weighted indexes or peer group averages, as most money managers do, BAM, with $31 billion in assets, has started marketing a "targeted return" strategy. Its current pitch: returns of 3.5 percent, 4.5 percent or 5.5 percent per annum, net of inflation, depending on whether clients have a low, medium or high risk tolerance.
February 1, 2003