Three things your clients may call you about this week …

Fund managers who talked up their sectors - and lost  Fund managers are rarely types to talk down their own area of specialism, says this Telegraph article. So perhaps in an effort to try and humble a few - or, just possibly, because it proved a slow week for news - the paper has had a dig through its archives to uncover some "extreme instances where managers have been publicly positive about a type of asset that has then fallen heavily in value". The article picks out five examples across three asset classes - gold, oil and Russia - three of which featured in Telegraph articles that t...