Taking the Credit — Conferencing amid a US election
- Elena Dragulele
It’s a funny thing attending a private markets conference starting on the day of a US election.
With the year almost up, all the attention will be on how global markets might shape up in 2025, and yet the largest decider of next year (if not the next four) is being counted as panellists speak.
So it was this week at SuperInvestor, a four-day conference in ritzy Monaco, where Europe’s alternative assets industry braced for the results.
From Wednesday, day two of the event, conversations were all about how Trump’s second term in office may play out, and the impact of expected policy decisions. “The only certainty is that there will be volatility,” an attendee said.
As if the election wasn't enough market-moving news for one week, on Thursday the Federal Reserve lowered its target range for interest rates to 4.5% to 4.75%. The Bank of England in similar fashion lowered rates to 4.75%.
Amidst that backdrop of tumultuous news, here are some of the key takeaways from SuperInvestor conversations on stage, on the conference floor, and... on a yacht or two.