Billionaire hedge fund manager Marc Lasry shared his market views in an exclusive interview with CNBC's Scott Wapner on Wednesday.
Lasry is chief executive officer of Avenue Capital Group. The firm manages approximately $11 billion, according to its website.
On the stock market: "It's all positive because people think you're going to have positive GDP growth. You're going to have less regulation. I think if you have this 2 to 3 percent or 3 to 4 percent GDP growth that's actually very good for equities," he said. "So I would tell you equities this year should be up at least 10 percent."
On what can spoil the party: "The biggest risk we've got is something we don't talk about, which is systemic risk. And that's really what you got out there with European banks. And it's still there," he said."You see the ECB doing everything they can to make sure they are controlling that."
Lasry also discusses:
- U.S. economy
- Interest rates
- Donald Trump's Cabinet picks
- Energy sector
- Comic book investments
To watch the "Halftime Report" interview in its entirety, you must be a CNBC PRO subscriber.
