Multi-billion manager now fears a global credit crunch

One of the biggest Nordic fund managers says he’s worried that credit might stop flowing across the globe if governments don’t step up their game.

Reima Rytsola, chief investment officer at the Varma Mutual Pension Insurance Co. in Helsinki, says he can see clear signs that financial conditions have tightened despite efforts by central bankers to provide emergency liquidity. Photo: Junnu Lusa

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