Portfolio managers are battening down hatches in anticipation of choppy waters
By Aradhna Dayal
Observatories around Asia are predicting an unusually long and heavy typhoon season this year, thanks to dramatic shifts in weather patterns globally. Strolling along the Victoria harbour, one can easily see the ominous clouds that engulf the stunning Hong Kong skyline almost every afternoon, and boats – all the way from humble sampans to luxury yachts – battening down hatches in anticipation of choppy waters.
Back at the desks of most portfolio managers in Asia, the scenario is not very different. May proved to be an excruciatingly tricky month for