schroders brown let Greece default
Allowing Greece to default and exit the EMU would allow its currency to depreciate and the economy to become more competitive, according to Alan Brown, CIO at Schroders.
Allowing Greece to default and exit the EMU would allow its currency to depreciate and the economy to become more competitive, according to Alan Brown, CIO at Schroders.
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The macro outlook in Europe is far from rosy, but commentators from all arenas are espousing the dividend strength in the region.
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High adviser demand has persuaded VAM Funds to launch a sterling share class on its US Mid Cap Growth fund.
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Michael Howell talks about a 1930s-style recession when looking at what he describes as a “suicidally-low levels of ECB liquidity”
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Citigroup Global Markets Asia has been fined HK$6m by Hong Kongs regulator in relation to a Madoff- style scheme.
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JO Hambro Capital Management (JOHCM) has launched two new funds targeting growth in Asia.
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Investors will be offered exposure to the otherwise relatively inaccessible renminbi.
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Barings has brought in William Palmer, formerly at KBC Asset Management, as investment director of its Global Emerging Markets equities team.
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The range of funds will include an option for cautious, balanced and dynamic investors and they will be compiled mainly of passive investment products, keeping costs down.
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James Carver, formerly of Aberdeen Asset Management, will be investment director of the group’s absolute return bond funds.
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The asset management firm led by two ex-BlueBay Asset Management stars will specialise in European distressed and high yield debt.
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George Renouf argues the case for fiscal unification as a solution to the European crisis though admits out this is more easily written and spoken about than delivered.
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