"Thank you for your excellent review of the Jamil Baz piece from the FT. Baz is an excellent economist and has a great track record as a money manager. However, it is hard to reconcile his asset return synopsis with that of an investment world offering more traditional money managers significant negative real interest rates from traditional fixed income securities. I suspect that Mr. Baz might be very right about the real economy but might be proven wrong on asset allocation outcomes. Time will tell. I sense we do not have much time to wait."
David Fuller's view Thanks for your comments. In a 1 to 1
conversation I would have asked how you felt about the article and am pleased
to know your view.
When reading financial articles I do prefer to know something about an author's track record and temperament. We all carry baggage from our earlier experiences and I wondered if the fact that GLG was acquired by Man Group in 2010 has been a factor in his current assessment, whether consciously or subsconsciously.