Opportunity, Austerity, Growth and Inflation:The Road Ahead
Summary: 2011 was a year largely marked by macro uncertainty. As we look ahead to 2012, we believe that much of this uncertainty will continue, as developed markets remain largely focused on balancing austerity measures with the need for growth. However, emerging markets appear to be at a turning point with regard to inflation. Against this backdrop, we believe fundamental research and security selection will be pivotal for investors in the new year. Please join Ron Temple, Managing Director, Portfolio Manager/Analyst on several of Lazard's U.S. and global equity strategies as he provides context for debt sustainability, and reviews the issues facing Europe, the United States, and the emerging markets. He will also discuss the potential implications for investors going forward. Featured Speaker: Ronald Temple Managing Director, Portfolio Manager/Analyst Ronald Temple is a Portfolio Manager/Analyst on our large cap U.S. equity teams, as well as the Global Equity Select team. He is also Co-Director of Research and has primary research coverage of the financials sector. Ron is a leading authority on the ongoing financial crisis. He joined Lazard in 2001 with ten years of global experience including fixed income derivative trading, risk management, corporate finance and corporate strategy in roles at Deutsche Bank AG, Bank of America NT & SA and Fleet Financial Group in London, New York, Singapore, San Francisco and Boston. Ron has an MPP from Harvard University and graduated magna cum laude with a BA in Economics & Public Policy from Duke University. Ron serves as a trustee of the Link Community School in Newark, New Jersey and is a member of the Trinity Board of Visitors at Duke University.