In the snowbound valley of Davos, executives from the world’s biggest investment houses gathered at a private breakfast to compare notes before President Donald Trump’s arrival. They chose their words carefully.
Hailing from the likes of BlackRock Inc., TPG Inc. and the sovereign wealth giant Temasek Holdings Pte, the group discussed how rapidly changing US policies may hit global markets. At one point, a top executive made foreboding points about the potential ripple effects of tensions over the American demand for Greenland. But even then, the person didn’t mention the name “Trump.”
So goes Wall Street’s delicate ...
