Howe Chung Wan

The Best of Both Funds: Public and Private Markets Outlook | Global Investors' Symposium Hong Kong

Chery Kang, Aaron Costello, Janet Perumal, Kevin Sneader, Howe Chung Wan

Global investors face a revised macroeconomic landscape characterized by downward GDP revisions, elevated recession probabilities, and a structural shift toward higher interest rates and fiscal activism. Amidst escalating trade tensions and geopolitical instability, market concentration risks in US tech giants have prompted recommendations to underweight equities in favor of non-US value sectors, private credit, and defensive hedge fund strategies. While artificial intelligence evolves from hardware to application-focused deployment, the prevailing directive emphasizes active portfolio management to neutralize passive index risks and prepare for potential volatility without abandoning market exposure.