I had to pinch myself to make sure I was awake. I was having lunch with the head of equities from a German fund manager at a Conran restaurant near Tower Bridge. I had asked what trends he saw and the answer flowed as smoothly as the sparkling Perrier.
“I predict a convergence between traditional and alternative fund managers, as long-only managers start to incorporate the new techniques available under Ucits into their toolkit. There is also a blurring between institutional and retail – all these boundaries are blurring,” he said.
This visionary also thought it was possible some investors would ask for more account to be taken of sustainability principles in investing, while he had heard of ETFs, but didn’t think they were likely to take off.
It was as if the whole of the last 18 months had been a dream.