A $46 Billion Finnish Fund Manager Is Very Worried About Trump
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There’s at least one fund manager who’s very worried about the possibility of Donald Trump becoming the next U.S. president.
Risto Murto, the chief executive officer of Finland’s Varma Mutual Pension Insurance Co., which oversees 41 billion euros ($46 billion), says any conventional assumptions on monetary policy, the size of the U.S. budget deficit and the geopolitical landscape go out the window if Trump wins. He warns that the surprise outcome of Britain’s June vote to leave the European Union should be a lesson to those who say it won’t happen.