Henderson's McQuaker prepares to increase risk factor

Manager prepares to up risk on group's multi-manager portfolio, conceding a failure to perceive the imminent UK recession cost returns

Henderson's Bill McQuaker is ready to up the risk in his portfolios as he concedes he failed to recognise the UK would enter into a recession. Prior to July, the co-head of the group's multi-manager team, said he did not believe the global economy - and the UK in particular - would go into recession. He said: "Investors have had to sell for various reasons, mainly because they were highly leveraged, but I believe that this is now past its peak." But McQuaker was quick to admit he had called it too early and this was reflected in the decisions he made for the portfolios subsequently. ...