Horlick's words touch a nerve in the industry

Professional Adviser
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Fund managers need to bolster their defences to deal with the tough economic year ahead

Nicola Horlick has been making the news again. Not content to take a back seat, however comfortably padded, and just run a decent asset management outfit without too much song and dance, the City's superwoman burst upon the media stage last week once more, demanding her fund manager colleagues wake up and smell the burning coffee. The FTSE, she warned, was quite ready to hit 3,000 if there was any sort of terrorist outrage perpetrated in the near future, and the investment industry had better find a way of operating profitably in a far tougher environment than it was used to. Firms have...

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