Life doesn’t seem so tough for fund managers when they can bask in the sun by the Mediterranean, sipping Pimm’s on the roof terrace of Le Méridien in Nice contemplating when a market revival might come. It’s certainly a more enviable situation than that faced by clients back home wondering if they will ever be able to afford to retire.
Fair enough, conferences like the Fund Forum often meet in attractive venues. But the delegates to this annual European fund management jamboree might have acted with a little more humility in the face of rising criticism of their performance.
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