Quick and nimble
Kenmar’s Ken Shrewer recently told an opalesque Round Table: “Despite having the greatest respect for all of the pundits around the world who express opinions about where markets will be going, after having run investments for over 30 years, my view is that nobody has a clue. We have never been in a situation like the current one; central banks have never stimulated economies to the extent that they are today. Because of this uncertainty, …. focus on liquid, trading-oriented strategies for today and for the foreseeable future. Given that advanced economic deleveraging is still in the very early stages, further bouts of market dislocations in the next few years are likely…. Prefer smaller, more nimble managers who trade exchange traded securities and who have the ability to navigate quickly if the situation so demands.”