Two grey swans (flying this way)

Livewire Exclusive

Livewire Markets

The term ‘Black Swan’ in finance refers to an unpredictable and significant event. So what does the term ‘Grey swan’ mean? We recently put this to Daniel Farley, CIO, Investment Solutions Group, for State Street Global Advisors, which manages over $3 trillion in assets globally, and asked for a few examples.

Dan prefers to use the term ‘Grey swan’ because, while unlikely, these events are still foreseeable. As a negative grey swan, he outlined the risk from the Chinese consumer, who now has more debt than the US consumer. As a positive grey swan, he outlined a contrarian opportunity in the financial sector with a powerful potential catalyst that could unleash the massive latent value.

Avoid getting caught up in the risks

State Street works with clients to understand their unique needs and objectives, and applies our disciplined, rigorous, research-based approach to help them meet a wide range of investment goals. Find out more by hitting the 'contact' button below.


1 contributor mentioned

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.