What do you see on the horizon? Uncertainty or opportunity?

Whatever you see at PGM, we can help you rise to the challenges of today

when active investing and disciplined risk management are needed most.

Drawing on deep expertise across the world's public and private markets

in pursuit of long-term returns.

Our investments shape tomorrow today.

Pissue your tomorrow with PGM, a leading global asset manager.

Join us in New York on November 2 for the Bloomberg Technology Transformation

and the Strategic Sea Suite event. Join CFOs and senior leaders

in corporate finance and operations for special evening briefing

to discuss the sea suite's increasingly strategic role

in their organization's technology transformation.

Companies participating include Navastar, City,

Highmark Health, TD Bank, UPS and many more.

This program is proudly sponsored by IBM.

Register at BloombergLive.com slash transformation slash radio.

So this morning with Francine Laquay,

featured one of the great market calls of all time.

David Malpass, years ago at Bear Stearns,

screaming about the end of the end of deflation in Japan.

It was one of the truly great calls of the early part of the last decade.

He is now president of the World Bank.

...