Bloomberg Talks KKR Co-CEO Joe Bae Talks Tariffs, Inflation
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Mar 5, 2025 Joe Bae, Co-CEO of KKR, shares insights from a leading global investment firm. He discusses the current volatile landscape of tariffs and inflation, emphasizing their impact on investor confidence and geopolitical risks. Bae highlights Japan's economic resurgence and China's shifting dynamics, revealing potential investment opportunities. He also explores KKR's evolution into a diversified powerhouse and innovative strategies to make private assets more accessible for individual investors, reshaping retirement planning.
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Trade Policy Uncertainty
- Investors are grappling with trade policy uncertainty and market jitters.
- KKR, with its long-term investment approach, considers these issues over multiple administrations, not just one.
Mitigating Tariff Risks
- KKR mitigates supply chain risks by diversifying sourcing for its portfolio companies.
- They focus on sectors less exposed to tariffs, like healthcare services, domestic services, and IT.
Inflationary Pressures
- Tariffs, inflationary by nature, could exacerbate existing inflationary pressures from trends like energy transition and data investments.
- This leads to a higher baseline for inflation than in the past decade.