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Pimco Veteran Says Recession Possible in as Early as Three Years

  • Investors should expect more market volatility, says Seidner
  • Private credit to remain a profitable area, Pimco says
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Pacific Investment Management Co. sees a 70 percent chance the world economy enters a recession over the next five years as ultra-loose monetary policy from the U.S. to Europe comes to a halt.

Marc Seidner, chief investment officer of non-traditional strategies at Pimco, warned investors should expect increased volatility as monetary easing turns into monetary tightening. With traditional assets expensive, they can find some shelter in private markets, Seidner, who has more than 30-year investment experience, said at a conference in Sydney.