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Left to right: Saira Malik, Karen Karniol-Tambour, and Henry McVey 

Left to right: Saira Malik, Karen Karniol-Tambour, and Henry McVey 

Photographer: Christopher Goodney/Bloomberg (2); Bridgewater Associates (1)

Wealth
Investing

The Next Big Risks, According to Money Managers With $2 Trillion

Three CIOs spanning the worlds of hedge funds, private equity and mutual funds share their concerns about deeper recessions, a changing labor market and the path to renewable energy.

The global economy and financial markets are at a crossroads.

After a year of grappling with rampant inflation that spurred central banks to embark on their most aggressive tightening campaign in decades, some investors are starting to see the possibility of a soft landing that avoids a brutal recession. But policymakers warn that they haven’t yet finished the job, and that prematurely declaring victory would only cause more pain down the line.