Market star calls emerging markets

An award-winning US chief investment officer calls Mexico and China as his hottest market tips over US equities.

Harold F. “Rick” Pitcairn II, 53, the chief investment officer of the Pitcairn multifamily office in Jenkintown, Pennsylvania, viscerally understands the competitive advantage that wealthy families have in the marketplace—they are among the few players that can genuinely invest for the long term. That understanding has allowed him to be a contrarian of a rather profound sort.

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