Lazard and Schroders adjust strategies amid geopolitical and AI risks
1 report, 1 independent
Updated Wed 00:00
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What happened
Lazard hired former military professionals, politicians, and political analysts to help address geopolitical and AI concentration risks. Richard Oldfield was confirmed as the new CEO of Schroders. Both firms noted that the current macroeconomic environment is reshaping traditional views of diversified portfolios.
From businesstimes.com.sg
Why it matters
Lazard Asset Management stated that geopolitical tensions are influencing a company's competitive set and risks, requiring risk to be priced at the start of a trade. Richard Oldfield noted that geopolitics is driving up oil prices, which fuels inflation and increases sovereign debt.
From businesstimes.com.sg