In Conversation January 2024

2023 delivered, but not the way we expected

Last year did not go the way CEO Tom Carroll expected. But as 2024 dawns, somehow, we’re in the place he thought we’d be: inflation is clearly falling away, global economies are weakening yet not flashing significant recession warnings, and bond markets have stabilised as investors anticipate rate cuts in the coming year.

Tom reviews a year of blockbuster returns (driven by a tight-knit band of US tech stocks) and looks ahead to what is likely to be another bumpy year as the macroeconomic winds begin to change. He also explains his priorities for his first full year as our CEO.