Investec's Aird: Explaining the post-Brexit world is an impossible job - the right approach is to admit 'we don't know'

How multi-asset is challenging the absolute return space

Investec Asset Management's UK managing director David Aird explains why the industry needs to stop 'unhelpful' post-Brexit predictions, how multi-asset is challenging the absolute return space and why the group's active focus will be key in a low-growth environment.

Brexit headwinds have further clouded an uncertain market environment this year, and many asset managers' attempts to calm investors in the face of fund outflows have fallen on deaf ears - the result of what Investec Asset Management's David Aird calls "over-communication with clients".  "The fund management industry post-Brexit over-communicated with its clients, with many people looking to reach conclusions and explain the 'meaning' of a post-Brexit world. That is an impossible job and was unhelpful to clients in the days and weeks following the vote," he says.   "The right approach...