FIS Digital – November 2021

Expected returns in the 2020s and the post-pandemic Economy

The COVID crisis ushered in the paradigm shift to the MP3 world, characterized by the unprecedented combination of fiscal and monetary policy responses around the globe. In the time since, there has been an emergence of geographic and economic divergences that haven’t been seen in over a decade. This session looked at how those divergences might play out and what the expectations from the global economy might be going forward.


Rebecca Patterson joined Bridgewater in 2020 as director of investment research. In this capacity, she helps shape the firm’s agenda for researching and building systematic strategies to trade global financial markets. Rebecca is a frequent author of Bridgewater’s Daily Observations and meets regularly with investors and policymakers. She is also a member of Bridgewater’s executive committee, investment committee, and commercial and business strategy committee, in addition to being a partner and helping to lead the firm’s diversity & inclusion (D&I) efforts.

With more than 20 years of investment management experience, Patterson came to Bridgewater after serving as chief investment officer at Bessemer Trust, where she oversaw $85 billion in client assets. She was also a member of the firm’s management committee and helped launch its D&I committee. Before joining Bessemer in 2012, she spent 15 years at JP Morgan where she worked as a researcher in the firm’s investment bank in Europe, Singapore, and the US. She also served as a chief investment strategist in the firm’s asset management arm and ran the private bank’s global currency and commodity trading desk.

She is currently a member of the Council on Foreign Relations and the Economic Club of New York and is on the board of the Council for Economic Education. She has served on the New York Federal Reserve’s Foreign Exchange and investor advisory committees and served on and chaired the University of Florida’s Investment Corporation’s advisory board. Rebecca has been named to American Banker’s Most Powerful Women in Finance for six consecutive years. She holds an MBA from New York University, an MA in International Relations from The Johns Hopkins University School of Advanced International Studies and a BS in Journalism from the University of Florida. She is married and has two teenage girls.

Investor response

Tate has been an investment industry media publisher and conference producer since 1996. In his media career, Tate has launched and overseen dozens of print and electronic publications. He is the chief executive and major shareholder of Conexus Financial, which was established in 2005, and is headquartered in Sydney, Australia.

The company hosts more than 20 conferences and events globally each year and publishes three digital publications, including the global website and strategy newsletter for global institutional investors, Professional Planner for financial planners, accountants and private bankers in Australia and Investment Magazine for Australian superfunds and institutional investors. One of the company’s signature events is the bi-annual Fiduciary Investors Symposium attended by global asset owners and hosted in the Americas and Europe.

Conexus Financial’s events aim to place the responsibilities of investors in wider societal and political contexts, as well as promote the long-term stability of markets and sustainable retirement incomes.

Tate served for seven years on the board of Australia’s most high profile homeless charity, The Wayside Chapel; and he has underwritten the welfare of 60,000 people in 28 villages throughout Uganda via The Hunger Project. In 2021 was appointed as a Member (AM) of the Order of Australia (General Division) for significant service to the community through charitable initiatives.

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