Between fear of a recession and strong volatility in equity markets, what strategy should ba adopted for investing in the US ?
 
The beginning of 2008 has been marked by a strong correction in major stock markets around the world. In a context of a global economic slowdown and fears of a potential recession in the US, volatility of the markets has increased significantly.
 
What kind of investment should be favoured in the US in such a changing environment ?

Alexander Farman-Farmaian, manager of the L Select - US Select Growth fund presents his views on the market and current positioning.
 
Louvre Gestion, HSBC Private Bank France’s asset management company, has been among the pioneers in the multimanagement.
Louvre Gestion also developed diversified and complementary expertise in direct active management solutions and in manager selection.
 
Edgewood Management Llc, an independent management company created in 1974, is 100% owned by its employees. The company manages approximately 5.5 billion dollars (as at December 31, 2007) and developed an expertise in the Large Cap Growth US Equity investment.
The management team, composed of 6 analysts-manager and two analysts, is focused on fundamental analysis and the selection of US Growth stock.
 
The company applies a bottom-up selection process in order to construct a concentrated portfolio of around twenty stocks.