PwC report reveals negative outlook of fund managers

Survey across 87 companies found 100% consensus

Fund manager sentiment remains negative for 2009, according to Pricewaterhouse Cooper's quarterly survey. The fund management world is feeling the crunch, with the industry it is said to be under greater pressure than at any point in the past 19 years. Likewise, investors are anxious about where they put their money and asking managers to justify why that money should be going into any area other than cash. In its latest quarterly survey, carried out between 24 November and 3 December, PwC found every fund manager respondent from the 87 firms was negative in their outlook. Fund hous...