Imagine Dali working with Warhol
What famous artist is your asset manager? Henderson New Star’s first rebranding ad shows Salvador Dali and Andy Warhol and asks the viewer to imagine them working together.
According to Henderson’s corp comms department, there is no intention to compare either Henderson or New Star to these artists. But to the casual viewer, it’s impossible to resist trying to work out if New Star is Dali, whose pictures had images that melted hideously, creating impossible, eye-watering financial shapes, or Warhol, famous for creating multiple, different-coloured versions of every day objects, and charging extremely high prices for them.
The M&G bond team are still positive about corporate paper, although they are cautious about taking some of the extraordinarily high yields at face value.
Pimco continues its ongoing series of thoughtful articles about defined contribution retirement savings plans with a conversation with Barbara Kontje, director of the retirement plan investments at American Express Company.
Investec Asset Management’s strategist Max King has joined the swelling tide of voices declaring the beginning of a new bull market.
White knuckle ride ahead
Asset managers should grit their teeth for a painful year ahead. Banks and hedge funds may have been taken to the extremes of their pain thresholds already but it’s yet to happen to active managers.