Emerging markets may have struggled of late but equities look to be good value and many companies have successfully implemented reforms which should make them more profitable going forward

PWM hosted a discussion to debate the demise of modern portfolio theory and how asset management techniques are adapting to a new world

Events since 2007 suggest modern portfolio theory is no longer relevant, though some in the wealth management industry are slow to change, leading to losses for private clients

The US economy appears healthy but stocks are expensive compared to Europe and investors are concerned equities’ six-year bull run could come shuddering to a halt

Many wealth managers believe emerging market debt can help in the search for yield

PWM invited eight leading figures from the fund management world to discuss the proliferation of exchange traded funds in private client portfolios 

Protecting portfolios from downside risk is a key concern once again and hedge funds with long-short strategies could have a part to play

As central banks begin to follow different paths and with volatility returning to equity markets, many see hedge funds as providing useful diversification in client portfolios