JULIAN WALMSLEY is a Managing Director of Askeaton Associates Ltd. (www.askeaton.com) and a Visiting Research Fellow at the ISMA Centre, University of Reading, U.K. Previously he was Chief Investment Officer for Mitsubishi Finance International, London, and Senior Investment Officer for Oil Insurance, Bermuda, after spending many years in the foreign exchange and swaps areas at Barclays Bank in London and New York.