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WEALTH INSIGHTS
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Are we in a bull or bear market? The multi-manager view
2016 will likely feel like a bear market for the majority of active managers, as a bull market gets underway for the former laggards and the hitherto leaders suffer a period of underperformance.
THE HEADACHE DEPARTMENT: It is important to register that while the global economy continues to expand, albeit modestly, the benefits of unorthodox policies appear to outweigh the costs. We will keep our fingers crossed for what happens when the business cycle turns down, as it inevitably will.
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