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Volatile equity markets are the “new normal,” says the head of Natixis SA’s $1 trillion asset-management arm.
“We’re back to the basics: risk on, risk off,” Jean Raby, chief executive officer of Natixis Investment Managers, said in an interview Tuesday at the Canada Fintech Forum in Montreal. “Over the past several years, in a way, bad news was good news because it meant a more accommodating monetary policy. Now we’re in the real world where bad news is bad news, and good news may not be such great news.”