Wallenberg Family's Investor AB Prepares for Global Downturn
Large equity investors are not showing confidence. Investor AB, the Swedish Wallenberg family’s holding company, is preparing for a potential weakening of the global economy. The company cited a long list of tail risks such as slowing leading economic indicators globally, softer demand in automotive, Brexit, Italy, currency devaluations in Argentina and Turkey, and a potential full-blown global trade war.
Large equity investors are not showing confidence. Investor AB, the Swedish Wallenberg family’s holding company, is preparing for a potential weakening of the global economy. The company cited a long list of tail risks such as slowing leading economic indicators globally, softer demand in automotive, Brexit, Italy, currency devaluations in Argentina and Turkey, and a potential full-blown global trade war.
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