Fund managers find a way with words in coronavirus chronicles – ZAWYA

Fund managers find a way with words in coronavirus chronicles – ZAWYA

Fund managers find a way with words in coronavirus chronicles. LONDON- For many money managers their most recent investor letters were among the hardest they have had to pen, saying why their funds were so deeply in the red and what they planned to do about it.. Their message to clients Hold on for a rebound.. The scale of losses pushed some managers to address clients directly even before the month was over.. "I would even say it is satisfactory if you accept that some fall in valuation is inevitable in a bear market," he wrote, confirming plans to stick with his investment process, although acknowledging that he was no fortune teller..