Fund managers need experience to survive a recession, says S&P

Professional Adviser
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Global equities fund managers need experience and a pragmatic approach to overcome the protracted be...

Global equities fund managers need experience and a pragmatic approach to overcome the protracted bear market, says Standard & Poor's recent analysis of European and offshore-based funds. Since the beginning of the decline two and a half years ago, the US market has fallen by 50% (as measured by the S&P 500 Index), the FTSE 100 by 47.8% and the German DAX by 60.2%. But according to S&P, few of today's managers have experience of such a deep and prolonged recession. S&P's research identifies the factors which appear to have contributed to the success of previous funds. T...

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