Despite all the discussion surrounding quantitative easing (QE), there has been little theoretical justification for the link between QE and equity prices. Europe provides a glaring counter-example of the impact of central bank policy on financial markets. Once the psychic umbilical cord of QE is cut (tapered), the market may actually be cheered by the
Fred Copper, Senior Portfolio Manager
Fred Copper is managing director and head of international equity for Columbia Management Investment Advisers, LLC (CMIA). Mr. Copper joined the firm in 2005 and has been a member of the investment community since 1990.
Prior to joining the firm, Mr. Copper was a senior vice president with Putnam Investments where he co-managed $1.5 billion in international and global value portfolios, as well as serving as a lead manager for a small-cap value portfolio and as a member of the global value portfolio management team. Previously, he was an assistant vice president with Wellington Management Company.
Mr. Copper earned a B.S. from Boston College and received his M.B.A. from the University of Chicago. In addition, he holds the Chartered Financial Analyst designation.