Soul Patts’ big shift into private markets reflects its view that the rise in bond yields rocking global markets will weigh heavily on equity markets.
Todd Barlow, chief executive of the $11 billion investment house Washington H Soul Pattinson, isn’t surprised by the storm clouds gathering over global markets. The big shock is that they’ve taken so long to arrive.
https://www.afr.com/chanticleer/rates-do-matter-blunt-warning-from-11b-giant-soul-patts-20230928-p5e8dm