Much of this forecast hinges on housing making an improvement, Wade from Schroders says.
FORBES: Economic End Times Not So Near, U.S. Seen Surviving 'Fiscal Cliff'
DLJ, Schroders and Spear Leeds Kellogg (all of which have since been bought by others).
The U.S. will survive the fiscal cliff, says Keith Wade, chief economist of Schroders in London.
FORBES: Economic End Times Not So Near, U.S. Seen Surviving 'Fiscal Cliff'
Assets: With sister Charmaine and family trust, has 48% stake in Schroders Plc.
This week, Allan Conway of Schroders, a large U.K. investment company, told Forbes that China looks good fro 2013.
Bischoff (or Sir Win, as the company calls him) was the chairman of Schroders, whose investment bank Citi acquired in 2000.
Before starting my firm (a life-long dream), I ran marketing for GE Capital, Schroders, Scudder, Citicorp Investment Bank and Columbia Business School.
At the start of the year, I spoke with one of my favorite emerging market fund managers, Allan Conway of Schroders.
"Forget the soft landing, " says Andrew Shipley, an economist at Schroders Japan.
Schroders Investment Management decided it must be the latter, and started to sell its stake in the company more than a year ago.
The handful of fund houses with well-developed marketing skills Jardine Fleming, Schroders, Fidelity, Templeton are able to do a modest business selling funds direct to retail customers.
Alas, the genius money management teams from Standard Life, Ashmore Group, Schroders, Matthews, JPM and even the vampire squid can beat the market.
Schroders predicts slightly under 2 percent growth in the U.S. next year with world growth of 2.5 percent in 2013, down from 20.6 percent this year.
FORBES: U.S. Will Avoid 'Fiscal Cliff', But Conviction Remains Weak
Next came a two-year stint at Citicorp in New York, where he worked on mergers, acquisitions and lbos, followed by two years in London with investment bank Schroders.
The earnings of firms that own big fund managers (like Schroders and Merrill Lynch) are valued more highly than those (like Salomon Brothers and Lehman Brothers) that do not.
Bischoff (or Sir Win, as the company calls him) was the chairman of Schroders (other-otc: SHNWF - news - people ), whose investment bank Citi acquired in 2000.
As a result, financial repression, say economists and fund managers at Schroders in London, is becoming as much a part of the new normal as is slow growth and deleveraging.
Last week, in an interview with Forbes, Allan Conway, a fund manager for Schroders in London told me that he expected the retailer to return to the market within the next few weeks, but that flow would not last for long.
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