Zoom Image
Alert: The U.S. recession is almost unavoidable, says Karen Karniol-Tambour, co-investment chief at Bridgewater Associates, the world's largest hedge fund
Photo: Mike Blake / REUTERS
When Karen Karniol-Tambour came to Princeton University from Israel at the age of 17, she knew only vaguely what a stock was. 20 years later, she moves the stock markets as co-investment chief of the world's largest hedge fund, Bridgewater Associates.
In the past, Karniol-Tambour liked to appear in a leather jacket, but for the opening round at the annual summit of the money elite in Beverly Hills at the beginning of May, she has taken a dove-blue business suit out of the closet and looks strictly straight ahead into the hand-picked audience. And that looks back sternly. The expectation: The star ensemble at the start of the Milken Institute Global Conference should please draw the "Very Big Picture", in a few rough, ideally bright strokes.
Sedated competence jerks its way around on the chairs, the big bank bosses Jane Fraser (55; Citigroup) and Robin Vince (51; Bank of New York Mellon), fund chief David Hunt (62; PGIM, assets under management: around $1.2 trillion) and private equity CEO Rishi Kapoor (54; Investcorp). Karniol-Tambour is the youngest in the group – and the coolest on the stage of the "Beverly Hilton".
She could understand the desire for a comeback of the stock markets, said Karniol-Tambour. However, almost everything speaks against it. The trend towards more and more globalization is a thing of the past. Which leads to higher inflation rates.
Manager Magazine Plus
Read on now. With the right manager subscription.
Try it for one month for € 0.99. Can be cancelled at any time.
Manager Plus
*thereafter € 19.99 / month
€ 0,99*
*thereafter € 19.99 / month
Expand the manager plus section
Your benefits:
- manager magazin+ and Harvard Business manager+ in one package
- All m+ and HBm+ content on the manager-magazin.de page and in the manager Messages app
- The content of the printed magazines incl. e-paper (PDF)
Try it now for € 0.99
Manager Magazine Plus
*thereafter € 8.99 / month
€ 0,99*
*thereafter € 8.99 / month
Expand the manager magazin plus section
Your benefits:
- All m+ content on the manager-magazin.de page and in the manager Messages app
- m+ newsletter with special reading recommendations
- The content of the printed magazine incl. e-paper (PDF)
Try it now for € 0.99
Are you already a digital subscriber? Sign up here
Read more with manager+
Always one insight ahead
Your advantages with manager+
manager magazin+
in the app
Harvard Business manager+
in the app
Read manager magazin and Harvard Business manager
as an e-paper in the app
All articles in the manager app
for only € 24.99 per month
Buy now!
Do you already have a digital subscription? Sign up here
Restore iTunes subscription
manager+ is processed via your iTunes account and is paid for with confirmation of purchase. 24 hours before expiration, the subscription is automatically renewed for one month at the current price of €24.99. In the settings of your iTunes account, you can cancel the subscription at any time. To use manager+ outside of this app, you need to link the subscription to a manager ID account immediately after purchase. By purchasing, you accept our Terms and Conditions and Privacy Policy.