A $165 billion investment chief identifies the 'single winner' in a market that's made a drastic U-t

The stock market has resumed its normal, sharp swings in both directions after a historically quiet year. Amid the volatility in February and March, a "single winner" emerged, according to Larry Hatheway, the head of investment solutions and chief group economist at GAM. "With the advent of two-way markets, where people who buy stocks can make money or lose money (which was largely absent in 2017), you're beginning to see investors focus on what can deliver hopefully reliable or predictable,...