Rebecca Patterson is the CIO of Bessemer Trust and has overall responsibility for investments, including asset allocation, strategic portfolio direction, and research. She is chairman of the Investment Policy and Strategy Committee and a member of the Management Committee.
Prior to joining Bessemer Trust, Ms. Patterson was chief markets strategist at J.P. Morgan Asset Management. In that role, she headed the global Client Advisory Group and was a member of the Private Bank's Investment Committee. Ms. Patterson joined J.P. Morgan as a research analyst and later became the global head of Foreign Exchange and Commodities for the Private Bank, working in the U.S., Europe, and Asia. Prior to her career at J.P. Morgan, Ms. Patterson was a journalist who covered economics and financial markets for Dow Jones and the Associated Press.
Ms. Patterson earned an M.B.A. from New York University, an M.A. in
international economics from Johns Hopkins University School of Advanced
International Studies, and a B.S. in journalism from University of Florida.
Japan looks like it might just get away with a major currency devaluation; why isn't the world complaining?
The U.S. became a financial markets' triple threat in the first quarter, with equities, government bond yields and the dollar all rising in tandem—something that rarely occurs for any sustained period.
The Fed's policies go well beyond domestic inflation fears and risk-taking – they include what appears to be a structural shift in policy setting for the world, writes this pro.