Cash balances of global companies, individuals and institutions are at record levels with more than $30 trillion on the sidelines earning less than 1 percent. This cash could spur development and stimulate growth, but investors continue to harbor questions: How serious are geopolitical risks? What is the broad economic impact of the Ebola crisis? What opportunities can be found in the shale revolution and the rise of the middle class in Asia, Africa and Latin America? As aging populations expose the shortfalls of the actuarial assumptions behind entitlements schemes, how should asset allocations change? Does quantitative easing have a future, either in the United States or Europe? Will the trend of developing economies outpacing the developed world continue unabated? What specific investment opportunities and risks lie in China, India and Africa? Has the search for yield created a credit-market bubble? This closing session of the London Summit promises answers.
John Calamos Sr.
Chairman, CEO and Global Co-Chief Investment Officer, Calamos Investments
Professor of Finance, London Business School and Cambridge Judge Business School; Chairman, Strategy Council, Norwegian Government Pension Fund