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The notion that “you can’t time the market” has somehow become received wisdom. It is, of course, nonsense. The experience of two very British institutions and some data analysis reveals the truth behind the cant.
Euromoney March 2010
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Professional investment managers and their clients may have given themselves an impossible goal of generating superior short-term returns.
Euromoney February 2010
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Reports of life in the barbarous relic have been greatly exaggerated.
Euromoney January 2010
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The financial crisis might be the making of hedge funds. Institutional investors will change the industry for the better by demanding onshore structures, independent administration and greater transparency. Mainstream financial centres should see this as an opportunity and ditch the fatuous parts of proposed
Euromoney December 2009
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In the Greek myth, Sisyphus was condemned by the gods forever to push a rock uphill only for it to roll back down. This is a familiar fate for those seduced by the cult of equity investing.
Euromoney November 2009
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Policymakers like to talk up the dollar. But an orderly decline of the greenback would be no bad thing.
Euromoney October 2009
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In July this column read the last rites over some unexpected victims of the crisis. Happily, some deaths have been greatly exaggerated while other parts of the economy and markets are due for a renaissance.
Euromoney September 2009
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There are foxy footprints all over current policy choices. But cunning plans and clever innovations have a nasty habit of unravelling and causing greater pain than choosing the straightforward course.
Euromoney August 2009
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The credit crunch and recession will reshape finance and markets in some surprising ways.
Euromoney July 2009
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Quantitative easing is being hailed as a policy panacea. The problem is that it sounds a lot like a prescription that causes the very problems it is designed to treat.
Euromoney June 2009
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David Ricardo’s counsel of despair on the fate of the working man should also give investors food for thought, writes Lincoln Rathnam.
Euromoney May 2009
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People wanted to believe ponzmeister Madoff because they crave stable, compounding returns. After his spectacular fall from grace, calls to shine a light on the opaque world of hedge funds will be irresistible.
Euromoney April 2009
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The current economic crisis exposes gaps at the heart of European policymaking. They will only widen as eurozone countries and the ECB grapple with the prospect of quantitative easing.
Euromoney March 2009
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The decision of the Federal Reserve to turn on the printing presses will result in a re-run of the 1970s. For investors the best safe havens are hard assets, including gold – Keynes’ “barbarous relic”, writes Lincoln Rathnam.
Euromoney February 2009
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Markets are positioned for something akin to the Great Depression. With so much doom and gloom in the air, now is the right time to buy equities.
Euromoney January 2009
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Zombie banks are stalking the global economy, choking off credit to viable businesses. The solution, writes Lincoln Rathnam, is a straightforward separation of the good from the bad.
Euromoney December 2008
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When structured products started turning into four-letter words, investors should have taken heed.
Euromoney November 2008
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The US economy is far more resilient than some commentators think. The present crisis also creates an opportunity for the Treasury to help itself and many pension funds.
Euromoney October 2008