Bearish Rice paints bleak picture for 2010

Cazenove European manager tells Asset.tv's Mark Colegate why year ahead is more likely to resemble 2008 than booming 2009

With Europe on the forefront of recent investor thinking due to the sovereign debt concerns, Cazenove’s Chris Rice has painted a bleak picture for the region’s equity markets this year. But Rice still sees a number of defensive opportunities on the Continent, despite expectations of muted economic growth. After the tough recent market conditions, do you think your job is to make money for investors or preserve wealth? The way we try to run money is on a business-cycle basis, so we are looking to deliver the best possible risk-adjusted returns through a complete investment cycle. The sta...