Getting an earful

Complacent credit markets underpricing risk "Who'd have thought young Gavin Stewart can play the ba...

Complacent credit markets underpricing risk "Who'd have thought young Gavin Stewart can play the bagpipes?" said the chairman of the insignificantly-sized investment group SmallBluePlanet as we enjoyed a few pints of Siml-to-Slim at The Spikey Durrant. I had mentioned my previous evening at Resolution Asset Management's annual Burns Night Supper where the group's chief executive had afforded the guests a brief glimpse of his talent. "I suppose the word 'can' has a range of levels," I said - perhaps a shade uncharitably. "Put it this way, I think it's fair to say that while he was definite...