Neil Birrell: A crisis in the life of a fund manager

Over the past few weeks I've been asked quite a number of times about what fund managers actually do during periods of extreme market stress, even up to the point if this is what we live for and find exciting. It is certainly not what we live for or find exciting; it may be if you have a very strong view expressed in your portfolio positioning and profit from the market moves, however, most funds are more mainstream. I find what I do is worry - all the time. I have seen more market crises than I am willing to admit and while it is possible to draw comparisons with what might happen wi...