A recession in Europe is more likely than not because of
continuing stress in Eurozone economies, according to Ajay
Gambhir, manager of RWC Europe Absolute Alpha Fund.
Gambhir (pictured), who runs the £190 million ($301
million) UCITS fund, adds that bank deleveraging may continue
in the second half of 2012 and could resurface as a drag on
He says: "I am unsure if improvement in the US will continue
into the fourth quarter of 2012 or 2013 given the...