Bramdean: credit crunch could last three years

Horlick believes current conditions highlight the requirement for investors to diversify portfolios and gain greater exposure to assets likely to produce absolute returns. She said: "We have been negative about equity markets for the past eighteen months and we do not see any let up in the near future. When the effects of the economic slowdown work their way through into company earnings forecasts, then there is likely to be further significant weaknesses." Bramdean, which manages the Bramdean Alternatives Limited (BAL) London Stock Exchange-listed fund of funds, will continue to move ...