The WSJ reports,"Hedge-fund manager Jamie Dinan of $22 billion York Capital Management LLC predicted U.S. interest rates will remain low “longer than people expect.”
Mr. Dinan said he saw more deflationary pressures to the economy than inflationary ones, adding “it’s really hard for prices to go up.”
Mr. Dinan’s remarks came on stage at the hedge-fund-focused SALT Conference at the Bellagio Hotel in Las Vegas. His New York-based firm has long been a big credit investor, though it also puts money into stocks and other asset classes.
The hedge-fund veteran added that he continued be positive on investments in credit abroad, particularly in Europe. He said his firm has been lending to European companies in several hundred-million-dollar chunks, with as little as one or two weeks’ lead time on deals".
