tightening

US President Joe Biden (L) looks on after announcing Jerome Powell (R) as his nominees for Chair of the Board of Governors of the Federal Reserve Systems during an event at the White House in Washington, DC, on November 22, 2021.Jim…

June was not a great month to be a fund manager.Global stocks fell 8.8 per cent, the second-biggest drop in a decade. Bonds, meanwhile, are on track for the worst year since 1865.The bludgeoning came from several directions — first the…