Trevor Greetham is a clock-watcher, but not the kind who’s desperate to leave the office. Managing pension funds for Royal London, he tracks an investment clock which steers his asset allocation decisions for stocks, bonds, commodities and cash.
Greetham believes the best time for commodities approaches. He predicts major economies such as the US could overheat in the next two years, and he has prepared for the beginning of another commodity supercycle. He holds a £4bn allocation of commodities, about 5 per cent of his portfolios, ranging from metals and energy to wheat and other physical assets.