Likelihood of US recession may see buying opportunity in tech
Technology will continue to transform, disrupt for next decade; companies staying private for longer, say big investors
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Singapore
THE likelihood of a recessionary environment in the US in the next 18 months is very high, according to Wellington Management partner and private equity lead portfolio manager Michael Carmen. Wellington Management is an independent investment management firm with over US$1 trillion in client assets under management.
Speaking during a panel at the Milken Asia Summit on Friday, Mr Carmen said: "I think we have to be cognisant of the fact that we are in a late cycle, we are 10 years into recovery."
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