Opinion: Survival of the Smartest: Asset Management & Performance in Turbulent Times

Summary

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Today's Market: New Territory, Same Players, Different Rules & Unknown Outcomes

Winston Churchill once said: "If you're going through hell, keep going." Today's market behavior is unprecedented. Major financial institutions that were once believed to be invulnerable (and were so for generations) have either closed up, been acquired or have restructured. Central banks, finance ministers, governments and market participants seemingly have a handle on what has led to the crisis, and even to some extent know what needs to be done to solve it.

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Extract

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Opinion: Survival of the Smartest: Asset Management & Performance in Turbulent Times

What no one can control or legislate is when and how market participants will deal with two irrational underlying drivers that are critical to responding effectively in the global markets. Those drivers are confidence and risk. And since the mercantile classes emerged in the early Renaissance, economists and market participants have known that a positive relationship between the two is the linchpin on which the success of any market is measured.

Restoring confidence and taking risk in the current market environment, given the number of "unknowns" that will affec...

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