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Portfolio fell in March drawdown, rebounded significantly by early June; consultants flag risks in fixed income and real estate
Summary
Investment consultant reported a sharp March decline tied to COVID-19, followed by a strong rebound; manager-level results varied, Templeton global bond put on watch and JP Morgan real estate could face near-term softness in office/retail segments.
Brandon Bridal, investment consultant, and Brandon's team reviewed quarter-ended March 31 performance and provided an updated market-value estimate as of the morning of the meeting.
Bridal said the March quarter reflected an equity sell-off tied to the coronavirus and sharp interest-rate declines. "Large-cap was down about 19.5% and small caps over 30% in the quarter," he said. Fixed…
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