Neptune's Geffen: The global economy is at a turning point

Neptune founder and CEO Robin Geffen expects global growth to accelerate over the next six months, and said consensus views on China are too bearish.

Geffen (pictured), manager of the £945m Neptune Global Equity fund, said with markets lacking conviction and equity valuations cheap across the board, the potential for positive surprises is high. "As Beijing transitions its growth strategy from quantity to quality, we are beginning to see tentative signs of stabilisation," said Geffen. "While we do not anticipate a large acceleration in China's growth, we believe when this stabilisation is further validated by data, the markets should react very favourably. "We believe the global economy is at a turning point. In the third quarter...