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Potter and Burdett hold on to cash in cautious equity stance

Thames River co-heads of multi-manager Gary Potter and Robert Burdett are set to continue adopting a cautious outlook on equities, preferring to hold higher levels of cash and other asset classes.

The pair, who joined Thames River from Credit Suisse last year, believe equity markets are likely to remain volatile for the foreseeable future with downside risk contained by expectation of further interest rate falls.

Potter and Burdett’s preference for the developing markets has also seen them reduce their exposure to developed nations, with Japan and the US favoured in the smaller quota above the UK and Europe.

They believe that there is value in the US markets with the aggressive policy from the Federal Reserve to stimulate the economy.

As for commodities, the pair believe prices are in line with events, given that the asset class has been bet on a decoupling demand from the developing markets, led by China and its demand for industrial raw materials.

The hope is that this bulk demand will continue if there is a major slowdown in the US.


Small firms turning to specialist protection providers

CBK Colchester principal Peter Chadborn believes that smaller advisers will increasingly opt to use specialist protection providers because they are being neglected by the major players.Chadborn says most major life offices no longer build quality relationships with smaller adviser firms.He says: “Life offices have decided there are certain distribution channels which they will not bother […]

Standard & Poor’s downrates Fidelity UK special sits fund

Standard & Poor’s has drop- ped its long-term outlook for Fidelity’s £2.8bn UK spe- cial situations fund to an A rating.The fund had long been AAA-rated under investment guru Anthony Bolton before being placed under review by S&P following Bolton’s decision to retire from direct fund management at the end of 2007 and the fund […]

AIG on hunt for more top signings to lead IFA push

AIG is looking to recruit more protection specialists as it focuses on the UK advisory market.Last month, Money Marketing revealed that AIG had appointed former Munich Re head of protection marketing Will Adler as protection product and planning actuary.The move was seen as an indication that AIG was turning its attention on the UK intermediary […]

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The politics of healthcare

Healthcare is already one of the key battlefields in May’s general election, with each of the main parties committing to deliver improvements to the NHS and public health.


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