A time to be patient

John Abernethy, Chief Investment Officer of Clime Asset Management, says the current environment with respect to ‘financial engineering’ is like nothing he has seen before. “There are some nights when I sit at home and think – what am I looking at here? And I think a lot of fund managers and asset managers are asking - what are we dealing with?” Abernethy says this environment has skewed the risks investors are willing to take in order to achieve mediocre returns. The advice he has been passing to his own investors is to be patient and to keep expectations in check. “The capital we don’t lose today will be the capital we can invest tomorrow, that is where you will make your returns. It’s very much about not making mistakes in this cycle. Not being too aggressive and certainly not being greedy.” Watch the full interview including John’s expectations for the upcoming Bank results