Readers will recall that in the Winter issue of Private Capital we launched our model portfolio game with four participating banks. The idea was to test how the private bankers fared with real life conditions.
We gave each of the banks $5 million to invest on the basis of a balanced portfolio - meaning the goal was to obtain a minimum investment return of 5%. We said that the portfolios could be rebalanced each quarter and that the game would last for two years.
Clearly these have not been easy times. However, all of the private banks have managed a positive performance, with CSPB leading in the first quarter, being overtaken...