Carlyle Group CEO Harvey Schwartz expressed caution but remained positive about alpha opportunities in the year ahead. He highlighted the challenges of adjusting to a new rate regime and the need to stay liquid in times of war. Schwartz also expressed optimism about the longer term, pointing to advances in health and longevity, technology, artificial intelligence, and the energy transition as significant drivers of economic activity. Schwartz emphasized the importance of being prepared for headwinds and tailwinds in the global economy, mentioning credit risk and geopolitical risk as potential challenges. Additionally, he stressed the need for liquidity and the ability to navigate uncertain times, particularly during periods of war. Despite the caution, Schwartz expressed a positive long-term outlook, highlighting the positive impact of advances in health, technology, artificial intelligence, and the energy transition on economic activity. The article also mentions that Carlyle Group is a global investment firm with a focus on private equity, credit, and real assets.
Ralph Schlosstein, Evercore chair emeritus, discussed the US economy, wealth disparity, and geopolitical risks with Alix Steel and Romaine Bostick on Bloomberg Television. Schlosstein's insights provide additional perspectives on the US economy and wealth disparity, contributing to a comprehensive view of economic challenges and opportunities in the current global landscape.
David Rubenstein, co-founder and co-chairman of The Carlyle Group, believes that the US commercial real estate market is undervalued relative to other sectors due to high interest rates in recent years. He expects interest rates to come down this year and inflation to reach acceptable levels. Rubenstein is optimistic about the US economy but doubts whether the 'Magnificent Seven' stocks (Nvidia, Meta, Amazon, Microsoft, Alphabet, Apple, and Tesla) can continue their bull run. He advises investors to set a realistic rate of return and exit an investment when a reasonable rate of return has been achieved. Rubenstein also discusses the US-China relationship, emerging markets, and offers tips for successful investing. Carlyle Group is one of the world's top three investment firms with $426 billion under management as of the end of 2023.