Bjarne Graven Larsen

Macroeconomic Outlook: The Search for Value

Joseph L. Hooley, Afsaneh Beschloss, Bjarne Graven Larsen, Joshua Harris, Hamilton "Tony" James

Leading institutional investors and asset managers convened to analyze a global recovery driven by divergent regional performances, from the US Federal Reserve's tightening cycle to stabilizing Emerging Markets despite persistent geopolitical tensions. The discussion highlighted a structural shift away from traditional public equities and bank lending toward illiquid private credit, infrastructure, and hard assets as investors seek to capture valuations undistorted by central bank liquidity. Strategic recommendations emphasized adopting active, risk-based approaches for pension funds while addressing regulatory barriers to unlock significant capital in under-capitalized physical assets and high-yield emerging market sectors.