Ariel Investments

Ariel Investments June 2016 Commentary

Ariel Investments commentary for the month ended June 30, 2016.

H/T Dataroma

Obviously, the Brexit vote was the big event this month, and what a short, strange trip it has been. On June 23rd, the United Kingdom’s citizens voted whether to Remain a part of the European Union (Bremain) or to Leave it (Brexit). This referendum was born in 2013, when Prime Minister David Cameron promised there would be a stay/go vote if he were re-elected. At the time . . .

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