Investors urged to focus on consistencies, not changes

Credit crunch has brought with it huge opportunities for investors, Richard Wilson, fund manager at Threadneedle Asset Management has claimed. Wilson said the cost of capital is rising, there is less LBO activity, more cautious management behaviour, and people's appetite for risk has changed, but that was not necessarily a bad thing for investors. He said: "As active managers that throws up a lot of opportunities." Wilson said, rather than focus on the changes, it is best to focus on what remains the same, and highlighted a number of positives. He said inflation in the US remains under ...