By Eric Peters, CIO of One River Asset Management
“What I come back to is almost embarrassingly simple,” said the London banker, high atop one of the global behemoths. “I think we’ve lived through the golden age of private equity and all types of long duration strategies,” he said.
“Holding rates at zero, or negative for that matter, was always going to result in massive capital misallocation.” We see the consequences popping up here and there. “So, when I think about the decade ahead, I just don’t buy the idea that a few regional bank failures have brought the system into balance,” he said.
