bill miller and gil knight prove to be two of the most popular north american managers
Despite increasing optimism from economists on the US market, multi-managers' portfolios are still underweight the region. Fiscal and monetary policy changes have sparked a recovery in the US, but UK fund of funds (Fof) managers do not appear to be buying the region. Aidan Kearney, investment director at Artemis, said the group has been underweight the US for some time now, favouring emerging markets and Asia. "US companies are shifting jobs to Asia, and Asian countries are emerging as consumer as well as producer nations," he said. A key concern is the decreasing value of the dollar. Eco...
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