In perspective
February 2009
David Miller considers reserves and volatility issues in capital preservation strategies
Make no mistake, these are very extraordinary times. A year ago anyone forecasting that interest rates in the US, UK and Europe would be heading towards zero or that some of our leading banks would have the government as their largest shareholder would have been dismissed as a crank. It is, therefore very important to review financial plans in order to take proper account of this new, rather tough environment.
Author: David Miller
David Miller joined Cheviot Asset Management in 2007 as partner to lead the alternative investments team having previously held roles at Royal Bank of Canada and JP Morgan. Prior to that he was director and head of charities at Robert Fleming.
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