
- UID
- 223185
- 帖子
- 137
- 主题
- 109
- 注册时间
- 2011-7-11
- 最后登录
- 2014-7-7
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yes, discretionary means that the manager can decide what is added to the portfolio. In this case, he is just the won handling allt he mess while the clients tell him what to buy or sell. That’s not discretionary, he can’t take credit for the performance of the portfolio. |
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