Geopolitical Turmoil Will Spark More Volatility, Marc Lasry Says

Geopolitics, rather than economics, will drive continuing market uncertainty, according to Marc Lasry, co-founder and chief executive officer of Avenue Capital Group.

While the U.S. and European economies are strong, there’s plenty of political tumult to go around, Lasry said in an interview Tuesday on Bloomberg Television. A brewing “mini cold war” in Europe, set off by the nerve-agent attack on a former Russian spy and his daughter in the U.K., could have major ramifications, he said.