Problems have been deferred, not solved, says HSBC CIO

Leon Goldfeld, chief investment officer at HSBC Global Asset Management (HK), manages more than $400 billion of assets. He explains why top-down decision making, a sharp focus and sensitivity to risk are important.Who are your investors?We are a very big player in the institutional market, particularly Hong Kong's Mandatory Provident Fund. We also attract money from charities, retail through our branches, corporates, family offices and regional sovereigns. We manage more than $60 bill…