risk

Rathbones' David Coombs on protecting portfolios

A question of selectivity

Difficulty in finding attractively priced bonds

Mention sequence risk in any university finance department and you will probably be met with blank stares, writes Andrew Clare, professor of asset management at Cass Business School.

Markets have realised they have a new concept of risk to play with: idiotic risk. Largely unquantifiable, we see many shining examples, whether in North Korea, the White House or No 10.

Different understanding of risk

Governance improving but too slowly

Further work is needed

Increasing cash allocations