20.01.2009 Opalesque Exclusive: 2009 outlooks (10) – Equity houses expect debt will recover before equities, recovery unlikely to be V-shaped
By the Opalesque Team: See last week’s 2009 outlook (9) here.

Nicholas-Applegate Capital Mgmt: Debt may recover before equities Horaci Valeiras, CIO of the global equity fund house Nicholas-Applegate Capital Management, does not believe global economies will sink into depression in 2009. But it will be necessary to have credit markets function effectively.

He does not expect a big

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