The markets’ New Year blues

This year’s January sales seem to have extended to the world’s stock markets. A week in to 2016, you could buy the FTSE for 6 per cent less than on New Year’s Eve. It is the worst start to the year in at least two decades.

What is behind these New Year blues?  My latest Real Money column in the New Statesman discusses the answers given by Martin Taylor, one of the most successful investors of the past two decades, as he decided to close his Nevsky Fund this month.