Investment executives from Pacific Investment Management Co. LLC and Morgan Stanley Investment Management joined Warren Buffett and George Soros as the only investment professionals featured in Foreign Policy magazine's annual “Top 100 Global Thinkers.”
Mohamed El-Erian, CEO and co-chief investment officer at PIMCO, ranked No. 53 for his prognostication on 2012 being “Europe's moment of truth” and for his theories on the economic downturn creating a “new normal” of sluggish growth and lower returns.
“Now the verdict is in, and El-Erian's warnings about the collapse of the eurozone and global market contagion seem more Cassandra-like than ever,” the magazine writes.
Ruchir Sharma, managing director and head of emerging markets equities and global macro at Morgan Stanley, ranked No. 67 in part for his new book “Breakout Nations,” which debunks the theory that the emerging markets of the past decade will drive global growth in the next decade and talks about how investors should look for a new class of promising economies such as Poland.
“I am grateful the main ideas from "Breakout Nations' — that emerging markets are now too big to be lumped into one marginal class and are better understood as individual nations — have been so well received by such a wide audience. I hope to carry on the search for the new economic stars,” Mr. Sharma said in an e-mail.
Messrs. Soros and Buffett were ranked Nos. 21 and 42, respectively.