The turning point

In a warm-up to the forthcoming Senate Investment Conference, some participating fund managers discuss the ever-changing investing environment

The global economy is at a turning point. There are signs the recession is over the worst - industrial output is picking up, house prices are stabilising, consumers are returning to the shops. But unemployment remains stubbornly high and confidence weak. Even if there is a recovery, fears remain of rampant inflation further down the line, forcing interest rates higher and creating a 'double-dip' effect. Markets have had a good run up this year, but may not hold their ground if the economy takes a turn for the worst. The Senate Summer Investment Conference in Monte Carlo aims to bring fun...