With Inflation Past Peak, KKR’s McVey Says It’s Time to Add Risk
- He advises money managers to invest in infrastructure, credit
- KKR cut its inflation forecast for next year to 3.9% from 4.8%
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Investors should judiciously add more risk in 2023 now that US inflation has peaked and recession fears are “less ominous,” according to KKR & Co.’s Henry McVey.
Even though market volatility will persist for the next 12 to 18 months, money managers should begin investing more capital in areas including infrastructure and private credit, McVey, the chief investment officer of KKR’s balance sheet, said in an interview before Monday’s release of the firm’s 2023 macroeconomic outlook.