EDWIN CONWAY, GLOBAL HEAD OF BLACKROCK ALTERNATIVES: "This is a difficult environment to navigate. There's so many more asset classes today than ever before. You just need to be very careful. There are still meaningful returns to be made, but risks are higher."
KAREN KARNIOL-TAMBOUR, CO-CIO AT BRIDGEWATER ASSOCIATES "The problem is that when you get paradigm shifts that really change the nature of the market environment, it takes a long time for that to get fully digested by investors."
DAVID HUNT, PRESIDENT AND CEO OF PGIM "I think that the market fundamentally underestimates the strength of the U.S. economy and therefore is underestimating both how high rates will need to go and how long they will need to stay there."
BROOKS RITCHEY, CHAIRMAN AT K2 ADVISORS
"There's a fairly sizable refinancing cycle coming up in
both real estate and industrial companies. That's going to put
some pressure on highly indebted sectors. So fixed income
long-short hedge fund managers feel that there's going to be
very interesting distressed opportunities in eight, ten, twelve
months."
JACOB KOTZUBEI, CO-PRESIDENT OF PLATINUM EQUITY
"We are in an amplified uncertain environment. You have to
be prepared for higher (interest rates) for longer."
(Reporting by Carolina Mandl and Svea Herbst-Bayliss, in
Beverly Hills; Editing by Josie Kao)
