Increasing geopolitics, longevity and cyberattacks were just three of the rising risks discussed at the annual Pensions & Investments WorldPensionSummit conference.
Delegates from across the globe gathered in The Hague, Netherlands, Nov. 9-10 to hear some of the world's largest asset owners, academics and money management executives.
While a number of risks were discussed, geopolitics was front of mind for many of the experts — particularly given the conference took place the day following the U.S. elections, when Donald J. Trump was named president-elect.
In his keynote speech, Laurence J. Kotlikoff, professor of economics at Boston University, said Mr. Trump's plan to cut taxes and raise spending “doesn't add up,” and “could blow an even bigger hole” in the long-term fiscal gap faced by the U.S. He is hopeful the president-elect will listen to other people's suggestions once he takes the stage. However, Mr. Kotlikoff said, “I would be very concerned about investing in long-term nominal bonds of any type that are denominated in dollars.”