Cazenove

£75BN MORE QE

Cazenove's European fund manager Chris Rice has said he expects policymakers across Europe to stand firm and keep the eurozone intact despite growing expectations parts of it will break away.

ON UK GROWTH

ON BONDS

Several features of the recession and financial crisis carried the label ‘extraordinary', not least the huge shifts in asset valuations.

Cazenove's CIO Richard Jeffrey has criticised policymakers who expected the global economy to bounce back to pre-crisis levels after 2009, branding such expectations a 'fallacy.'

Cazenove's Paul Marriage said the short positions in his Absolute UK Dynamic fund have helped limit the effects of the August sell-off but warned September could be "similarly tough".

Major companies favoured by leading European fund managers are facing severe price pressures as the global flight to safety propelled the Swiss franc to new heights today.

Despite last month's significant price movements in US treasuries, yields are still below the levels seen at the end of last year.

Managers are increasing their bets against the euro and forecasting falls of up to 20% in the single currency, even as the ECB continues to tighten monetary policy.