Cheviot alternatives head sees market normalisation

Cheviot Asset Management's head of alternative investments David Miller says 'rationality' is beginn...

Cheviot Asset Management's head of alternative investments David Miller says 'rationality' is beginning to re-enter the investment cycle, particularly for commodities and hedge funds. Amid widespread economic pessimism, Miller says it is worth recalling the considerable achievements of the last 25 years, such as the reversal of the trend towards ever higher interest rates and inflation in the 1960s and 1970s. Miller says unfortunately this solid foundation was also used as a platform for increasing risk, and as this has been a powerful long-term trend, investors are currently faced wi...