Investment giants bet on further market turmoil

As a result of this year's global downturn in stock and bond prices and the deterioration in private equity amid declining deal flow, investors around the world have been looking for new opportunities.

In an interview with Bloomberg News, seven institutional investors from countries ranging from Beijing to Toronto to Melbourne - with a combined $2.3 trillion in assets under management - shared their investment plans for 2023, which is likely to be a challenging year.

For example, some argue that valuations in public and private markets need to fall further before they dare to spend big, building up cash reserves to be able to react quickly. 

At the same time, others are looking to areas such as rare metals as a haven for their capital, as long-term shifts in these sectors create all the conditions for big profits.