As prospects brightened in the U.S. and sovereign debt issues in Europe appeared contained, developed markets assumed leadership during the quarter, gaining 9% versus a respectable 7.3% return for the emerging markets index, yet for all of 2010 emerging markets returned 18.9% outpacing the 11.8% return for developed markets.This strength has continued into 2011 with U.S. blue-chip stocks posting their biggest January gain in 14 year's. Against the backdrop of strong equity markets our portfolios have performed well with most of our strategies outperforming their benchmarks in 2010.
Pzena Investment Management Inc. CEO Discusses Q4 2010 Results - Earnings Call Transcript
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