The nightmares keeping top managers awake in 2012

With equity markets more volatile than ever, and safe havens around the world looking vulnerable to a correction, investors have more things than ever to fret over as they try to steer portfolios through the turmoil.

But what is scaring managers the most as we approach 2013? Below leading managers reveal their biggest nightmares in an uncertain world. Cormac Weldon, head of US equities at Threadneedle. It has got to be the political situation. The things that were wrong in the US were indebted consumers and, to a lesser extent, corporates. They have both now delevered; clearly it is the government that hasn't done so and that requires politicians to act. So it is the uncertainty that surrounds the political situation and the question of whether the politicians snatch defeat from the jaws of vic...