"The extreme volatility of markets in recent months has created challenging performance conditions across asset classes," said Peter Clarke, chief executive of the Man Group.
But he said the idea that recycling can turn garbage into gold is unrealistic, given the costs of collection and the volatility of markets.
Such a tax would defuse the current volatility of markets, engendered by computer-driven systems that exist simply to make profit by microsecond trading operations.
But over the past two weeks the political battles over government debt in Washington and Frankfurt, the street battles in Britain, and the volatility of markets everywhere have obscured that reality.
Supporters of a tax had argued that it would reduce the volatility of markets; opponents said it would be too complex to enact across borders and could create huge imbalances.
Now he and his family want a more direct link to how their money is managed in the region, although success is not certain, given the volatility of markets and the variety of political, investment and regulatory risks in many Asian countries.
