Daily Archives: March 9, 2009

Sophia Grene

Depressive realism is the term used by psychologists about the tendency of depressed people to be more realistic than those in full health in their assessment of how much control they have over external events.

It seems the European asset management industry is currently going through a phase of such depressive realism. When Edhec asked the industry why investment managers do not use the latest academic research to bolster their portfolio construction ability, the answer was glumly self-critical.

Ruth Sullivan

Confidentiality, confidentiality, confidentiality. That’s the new name of the game for wealthy investors in Europe when it comes to investment priorities.

In a world where Swiss banking secrecy is coming under pressure from regulatory change, Singapore is promising to relax its strict banking privacy laws and Hong Kong is bringing its tax transparency up to international standards, Europe’s wealthiest families are putting confidentiality at the top of their list.

About the blog

FTfm is no longer updated but it remains open as an archive.

FTfm's specialist writing team offer their insights into the global fund management industry.

About the authors

Pauline Skypala has been editor of FTfm for four years having previously been deputy personal finance editor. She joined the FT in 1999 and has been writing on savings and investment issues throughout her career.

Steve Johnson, FTfm deputy editor, has been a journalist for 17 years, 10 of which have been with the FT.


Sophia Grene, reporter on FTfm, has been a financial journalist in print and online for 12 years.

Ruth Sullivan has worked as a financial/business journalist and foreign correspondent and for the past 10 years has been at the FT.