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Neil Michael From Beverly Chandler, Opalesque UK:
The contrast between the developed and the emerging world will be a strong theme for investment managers over 2011 according to Neil Michael, executive director of investment strategies at the US$ 3.1bn London & Capital Group, who predicts a challenging year: “A tale of two worlds, with emerging economies growing rapidly and developed economies experiencing rather more subdued growth is likely to continue,” he says.
Michael expects to see a tightening of policies in China where there are concerns about the build up of inflationary pressures. “Developed economies will strive to grow whilst emerging markets will continue to make rapid progress, but volatility will be omnipresent given the persistent macro risks of the European sovereign debt crisis and fears of a hard landing in China,” he says.
Ashok Shah, chief investment officer, agrees that the contrast between the developed and emerging world will become ever more important. Shah believes that for asset managers, 2011 will be all about income. “The search for income from an asset management point of view will remain a high priority for the foreseeable future.”
Pau Morilla-Giner, senior portfolio manager, head of alternative investments, equities and commodities, believes that this is a perfect climate for hedge funds. “We are currently facing the most attractive opportunity set for hedge funds in at least 10 years, and that is set to continue into 2011,” he say...................... To view our full article Click here
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