Perhaps the assumption that markets are still anchored by predictable economic policies needs to be challenged. For the first time since the fall of the Berlin Wall, political volatility – once background noise – is potentially reshaping investment risk at a structural level.
Despite authorities taking their foot off the environmental, social and governance pedal and recent volatility in equities and bonds, the benefits of Artificial Intelligence and improved investor transparency are just beginning.
‘Something new under the sun’: Ruffer releases its 2024 review
“Novelties have emerged in the financial system which heighten the risk of a crisis and could amplify market moves in the event,” writes Ruffer co-chief investment officer Henry Maxey in the 2024 Ruffer Review. “These emergent features – the new things under the sun – are yet to be tested. When they are, investors will once again blame it on the weatherman.”
