Fund Watch: investing as the Washington consensus wobbles – beyondbrics - Blogs - FT.com:
"How do you invest in emerging markets (EM) at a time when the wheels appear to be coming off the “Washington consensus” in several parts of the world?
This is the key challenge these days for Gary Greenberg, head of EM at Hermes Fund Managers. Like many investors, his basic long-term bet has been that developing countries would continue to implement free-market economic reforms over time.
“The world is challenging a lot of assumptions,” Greenberg said in an interview. “I drank the cool aid many years ago and thought that the Washington consensus was going to be adopted.”"
'via Blog this'
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