Martin Gray, one of a handful of fund managers who made money during the financial crisis, is concerned global equity stock markets are ripe for a fall. An investor who delivered a 12.3pc return for investors during the financial crisis despite global stock markets falls has said he is moving into cash again and “cannot help but feel bearish” about shares. Martin Gray, formerly of fund firm Miton but now running his own business, Coram Asset Management, is concerned that “overvalued” stock markets are ripe for a fall.
Mr Gray’s former fund, Miton Cautious Multi Asset, was one of just five in the UK that managed to produce a positive return in both 2008, when Lehman Brothers collapsed, and then 2011, when the European sovereign debt crisis sent global stock markets tumbling….
[Source: telegraph.co.uk - Kyle Caldwell - January 6, 2016]