Paul Mumford, manager of the £55m TM Cavendish AIM fund, has said a rapid rise in interest rates is the biggest risk to markets while blaming "irresponsible" quantitative easing as the main cause of the current environment.
Speaking to Investment Week, the veteran fund manager said central banks had "dug themselves a whole" with vast amounts of QE, leaving investors nowhere to hide if interest rates rose. At its latest...
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