[The strongest El Niño in history may be a foregone conclusion. Fund managers say there will be no "shelter" in the world] October 22nd, the strongest El Niño in history may be formed, prompting more and more money managers to step up adjustments to their investment portfolios to cope with what they claim is an upcoming impact. El Niño, associated with warming waters in the equatorial Pacific, exacerbates droughts and floods that damage crops. Food commodity prices are rising and economists are adjusting their forecasts for inflation and deficits. The effects are filtering into financial markets already plagued by high debt levels and rising borrowing costs. Katie Self, portfolio manager of Pictet Asset Management, said that no corner of the global asset market can completely shield itself from the impact of this El Niño cycle. “It is almost a foregone conclusion that this round of El Niño will be the most extreme in history,” and finding a way to deal with it is now “undoubtedly” the most important thing, Self said in an interview.