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Enrique Chang promoted
Real growth needed
Sector trading at high yields
Suing for his cut in £200m bonus pool
Low interest rates do not work
Advises investors to de-risk portfolios
Joined the firm in 2001
Europe is benefitting from a valuation discount to the US in terms of P/E and dividend yield, as well as an improving outlook overall.
Gross suing for over $200m
US jobs report stronger than expected