• Text size
  • Send this article to a friend
  • Print this article

Fund manager warns of 'dangerously obsessed' markets

Stock markets have become "dangerously obsessed" by takeover deals at a time when global profitability may be close to peaking, the chief investment officer of Resolution Asset Management warned yesterday.

Stock markets have become "dangerously obsessed" by takeover deals at a time when global profitability may be close to peaking, the chief investment officer of Resolution Asset Management warned yesterday.