Lehman 1-year on: Multi-managers say rally can surpass pre-crisis levels

Multi-managers believe the equity rally still has further to go despite the strong recent run pushing markets towards pre-Lehman levels.

While not discounting a short-term correction, the managers expect key global indices to trade at higher levels in six months and a year's time. Aberdeen's Aidan Kearney says after capturing strong upside in recent months, he is looking to blend both traditional alpha managers and those who can generate absolute returns. "We have just seen one of the longest and strongest post-shock rallies in history and it is not inconceivable we will see a brief correction of 10% or 15%," Kearney says. "However, it is difficult to see the market in any prolonged retrenchment until QE is reversed...