Economics
A $1 Trillion Fund Gorging on Risk Says Fed at ‘Market's Mercy’
- Northern Trust and Neuberger Berman embrace global asset rally
- Bets on U.S. monetary moderation are feeding bullish appetite
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The ticket to outperformance this year is as simple as betting the Federal Reserve will temper its tightening plan -- and do the bull market’s bidding, according to investors that help oversee a combined $1.4 trillion.
Armed with dovish monetary bets, they’re pouncing on risk assets of all stripes across the globe -- but snubbing Europe.