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Asset manager Kempen outlines worst-case scenario for global stock market prices
...“We have a view that the recovery will be more U shaped than V shaped in most countries,” he said....
...According to a survey of fund managers from Bank of America this month, just 10 per cent expected a V-shaped recovery, while 75 per cent anticipated a U- or W-shaped one....
...The CFA Institute, the global association of investment management professionals, found only 10 per cent believe a quick “V-shaped” recovery was likely based on a survey of almost 13,300 of its members....
...“Our message to companies is go early and in size, rather than soldiering on hoping that trading picks up quickly in a V-shaped recovery.”...
...Tom Mooney Screen, Co Wexford, Ireland...
...Change at the core v generous gestures A decade after a global financial crisis that shattered trust in large companies, the people who run them are keen to recast themselves as constructive social actors...
...“It’s underhanded, they’re dirty,” he tells the FT’s Attracta Mooney....
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