Société Générale's bearish strategist Albert Edwards has warned the current market situation is "even worse" than the lead-up to the Global Financial Crisis (GFC) as policymakers are "so scared" of financial bubbles bursting, they are putting the needs of Wall Street before the needs of the economy.
By central banks flagging when they intend to hike rates, Edwards said the predictability compresses risk premia, which in turn encourages higher leveraging and risk-taking. This meant the current tightening...
Will be 'core to all great portfolios'
Why the traditional approach of combining bonds and equities is not the best way to improve risk-adjusted returns
Partner Insight: The way in which bonds have been so successfully combined with equities in the past 35 years has been contingent on them delivering high returns in periods of equity market stress. Yet in half of the 20-year periods over the past 120...
£34bn of non-sterling assets to be merged
Spent 13 years at Pictet
Joined with Chinese asset manager Ping An