What was one of the worst calls to make over the past year in your sector that you avoided?
One of the worst calls to make was to avoid UK water company bonds. Bonds from Kelda, Wessex and Anglian have been some of the best performers over the last 12 months. Not having exposure because of restructuring fears was, in my opinion, definitely the wrong call to have made.
Provide an instance of a utility company being affected by demands for greater transparency?
In the wake of the Enron blo