Home, Portfolio Management, Risk management, Signal or Noise
The investment mood is definitely optimistic, one could say even giddy. In that regard, Merrill Lynch’s January 2010 fund manager survey is a nice indication: low cash balances, increasing exposure to equities, increasing appetite for risk. Some numbers are back to pre-crisis levels. As we point out in our Q4 2009 report (English version in the works), it’s hard to expect two consecutive years of out-sized returns – especially now that we’re starting from a much higher price level – and we’re prepared for a less ideal 2010 (to say the least).
Tags: expectations, perspectives, portfoliomanagement, riskmanagement, signal_or_noise
