
| Total Equity |
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The Principals of LeeSide have long recognized the constraints of investing solely in Canada. Endowment funds and private client portfolios benefited handsomely from the added growth and diversification offered from outside Canada. And the long term investment style practiced by Bob McKim in the eighties, allowed the market value of foreign content of pension funds to rise substantially above any of the artificial 'book value' restrictions applicable to pensions. Foreign content has long been an integral feature of portfolios managed by the LeeSide principals. 'Total Equity' recognizes that certain Canada companies are world class in nature. Then, the portfolios are 'completed' by going outside the country. Company analysis is structured along world industry lines, rather than country by country. This insures that all companies are scrutinized against the world's strongest and toughest competitors. 'Total Equity' clients are treated to the benefits of a well diversified, integrated portfolio of world class companies. LeeSide is willing to hold a cash position of up to 10 percent in its equity specialty assignments to take advantage of new compelling investment opportunities. |

