I am no spring chicken, but this must be, no I know this is the first year where I have entered any January with the heads of central banks warning of financial turbulence to come!
So what must we make of it all? Well, I believe it is simply a challenge we must all raise our game to meet. The biggest single issue will be managing client expectations.Â Our clients have gone from expecting to receive 30% p.a. returns to thinking that perhaps 2008 will look to take back much of what they made in 2006 and 2007, that we must put straight and quickly.