York Capital Management’s Jamie Dinan is predicting that U.S. interest rates will remain low longer than expected.
The Wall Street Journal reported that Dinan, the founder of York Capital, said during SKyBridge Capital’s annual SALT conference that he believes U.S. interest rates will remain low “longer than people expect.” He added that he saw more deflationary pressures to the economy than inflationary ones and that “it’s really hard for prices to go up.”
According to the article, Dinan also said that he continues to be positive on investments in credit abroad, particularly in Europe. York Capital has been lending to European companies in several hundred-million-dollar chunks.
York Capital has about $22 billion in assets under management.