Beverly Hills (Reuters) – Big money managers gathered at the Milken Institute global conference in Beverly Hills, Calif., on Monday to discuss trade wars between high interest rates, sticky inflation, banking turmoil and geopolitics. An investment climate amid tensions.
See some of their comments below:
EDWIN CONWAY, Global Head of Alternatives, BlackRock:
“This It’s a tough environment to navigate. There are more asset classes today than ever before. You just have to be very careful. Meaningful returns can still be made, but the risk is higher.”
KAREN KARNIOL- TAMBOUR, CO – CEO, BRIDGEWATER ASSOCIATES
“The problem is that when you get a paradigm shift that really changes the nature of the market environment, it takes a long time for investors to fully digest it.”
David Hunter, President and CEO, PGIM
“I think the market is fundamentally underestimating the strength of the U.S. economy , thus underestimating how high rates will need to rise and how long they will need to stay there.”
