"What counts is not necessarily the size of the dog in the fight - it's the size of the fight in the dog." - Mark Twain
Q2 2016 Private Client Portfolio Performance Review
Anyone reading the headlines over the past six weeks would be forgiven for thinking that it had been a bad quarter for private client portfolio returns: trillions wiped off global financial markets; Sterling hitting thirty year lows; political turmoil and Scotland threatening to leave the United Kingdom. Markets were certainly volatile, but as highlighted in our commentary last quarter, the balanced approach adopted by a discretionary manager investing in a range of asset classes brings diversification and a smoothing of the gyrations of individual markets.
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