Investors With $2 Trillion Lay Out Strategies for a Turbulent 2025

Big money managers based outside the US see opportunities in real estate, AI supply chains and private equity.

Illustration: Mark Wang for Bloomberg Markets

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For the world’s biggest investors, 2025 is set to be a year that could generate both outrageous fortunes and embarrassing losses.

With multiple wars on the brink of either peace or escalation, US-China relations spiraling and global tariffs in playBloomberg Terminal, Bloomberg News asked top executives at institutions with a total of $2 trillion in assets under management how they plan to invest over the year ahead.