A new set of investment performance benchmarks based on actual returns being delivered to private clients by discretionary portfolio managers has been launched, by Guernsey-based Asset Risk Consultants. ARC’s new Private Client Indices are available free of charge to trustees and private client advisors through a web-based subscription service and are based upon figures supplied by 20 participating investment managers. “Our indices are based upon the actual returns that investment managers are producing for real private client portfolios. There are no pre-set asset allocations, no asset class restrictions, no concentration limits and no index performance are used,” said Graham Harrison, ARC managing director. At present there are four sterling indices suited to different risk appetites.