How closely have you followed the headlines this year? And are you willing to put your knowledge to the test?
In an interactive exercise, here are 10 questions relating to the best, brightest and, sometimes, weird stories from the world of fund management.
Click on the Answer tab to reveal the outcome and mark your score as you go. Best of luck.
The CIO of which company coined the phrase ‘Abegeddon’ over fears that Japan’s major stimulus push would fail?
- UBS Wealth Management
- Credit Suisse
- Swiss & Global Asset Management
UBS Wealth Management
Abenomics has dominated discussions throughout the year but it was UBS Wealth Management CIO Alex Friedman who forewarned of an Armageddon scenario if Abe’s expansive policies did not take effect as planned.
A relatively easy one, with veteran investors Graham French retiring and handing over the reins of his blockbuster fund to Randeep Somel.
While Wright and Somel were heading into the blockbuster funds, Neil Woodford was going in the opposite direction. The market veteran opting to depart Invesco in October.
According to Citywire Global data, which was the biggest fund in our system? (AuM in US$)
In reverse order the largest funds on the Citywire radar are Richard Woolnough’s M&G Optimal Income fund, which has $24 billion in assets under management.
Data compiled by Citywire. All figures correct as at 31-08-13.
In interviews with Citywire, which of the following regions did Marc Faber not predict problems for in 2013?
- The Middle East
The Middle East
They don’t call him Dr Doom for nothing. However, the only region of those mentioned above not to receive Marc Faber’s scorn was the Middle East…although he did say it would ‘go up in flames’ during an interview in 2012.
During conversations with Citywire over the course of 2013, Faber said China was on track for a crisis, while also stating his belief that the US markets’ record highs looked set to end in painful losses.
Who played a special gig at Carmignac’s investor conference this year?
- Rod Stewart
- The Rolling Stones
- The Spice Girls
Sadly, this is a trick question. There was no headline act for Carmignac’s famed investor conference this year. The Rolling Stones were the feted guests at the end of 2012, while Rod Stewart also appeared last year. Both presumably netting a tidy sum for their appearance.
The Spice Girls, however, were not on Carmignac’s playlist. Although, they could perhaps have done with the publicity to help promote their ill-fated Viva Forever musical, which was taken out of London’s West End after just six months.
Which political figure was named as the person most attendees at Citywire Berlin 2013 would like to eavesdrop on?
- Silvio Berlusconi
- Angela Merkel
- Barack Obama
- Xi Jingping
- Vladimir Putin
There was only really one winner in this one. The former Italian politician Silvio Berlusconi topped the NSA-themed poll at Citywire Berlin 2013. He earned 28% of the vote, while China’s president Xi Jinping was picked by 23%. Obama and Putin received 18%, while Merkel was the least popular target for phone-hacking, with 13% of the vote.
Which famed investor blasted ‘hyperinflation zealots’ for behaviour ‘bordering on being simple-minded’?
- Bill Gross
- James Montier
- Edouard Carmignac
All three of these industry veterans have not refrained from making sensational statements over the course of 2013 but the quote in question belongs to GMO’s James Montier. The behavioural investing specialist made the comments in February following a number of market commentaries tying QE policies to hyperinflation.
Spot the lone sector that wasn't described as a bubble in 2013.
- Emerging markets
- UK housing
- High yield
Finding a sector, region or asset class not branded as a bubble in Citywire interviews proved as easy as hunting for a needle in a haystack. However, while UK publications have voiced concern over the government’s Help To Buy scheme potentially producing a bubble, no fund manager interviewed by Citywire went on record with the same view.
Bond guru Jeffrey Gundlach was profiled in March, but what was the name of his 1980s New Wave band?
- Thinking Out Loud
- Seona Dancing
- Risky Returners
- The Plastic Population
Thinking Out Loud
The fact Gundlach cannot seem to run away from. Despite a stand-out performance in bonds and turning his hand to the equities market, the fund manager will continually be linked with his brief stint as a part of Thinking Out Loud.
As far as we know, Risky Returners is not a functioning pop band, while Seona Dancing was once the pop vehicle for British comedian Ricky Gervais. Meanwhile, the Plastic Population was the second half of pop singer Yazz's band name, who was famous for the 1988 song The Only Way Is Up.
Which two fund management companies dominated the emerging market debt sector this year in terms of manager moves?
- Neuberger Berman and ING Investment Managers
- ING Investment Managers and JP Morgan
- BlackRock and Neuberger Berman
Neuberger Berman and ING Investment Managers
Of all the stories to have taken place over 2013, the one which seemed to present new chapters on an almost weekly basis was the EMD manager shuffle between Neuberger Berman and ING Investment Managers.
All of it was kick-started in January, when five senior names left ING IM for Neuberger Berman, what followed was a merry-go-round of fund manager hires, new fund launches and corporate restructuring.