Soros’s Money Manager Warns Recession is ‘Inevitable’

Hungarian-born U.S. investor and philanthropist George Soros answers to questions after delivering a speech on the sidelines of the World Economic Forum (WEF) annual meeting in Davos on May 24, 2022. Fabrice Coffrini/AFP via Getty Images

Dawn Fitzpatrick, chief investment officer for Soros Fund Management, described a recession as “inevitable” in a recent interview, but noted that she was not overly concerned about the general health of the economy.

“The bottom line is a recession is inevitable—it’s a matter of when,” said Fitzpatrick in an interview with Bloomberg Business on Tuesday.