CNN Money: Rieder on Treasuries, QE2

"We're looking for assets that offer yield without taking on too much duration risk," Rick Rieder tells Fortune. PHOTO: Emory University

Rick Rieder, 83BBA, was recently featured on CNNMoney.com, answering questions about the Federal Reserve’s quantitative easing program (QE2) and investment strategy.

Rieder is chief investment officer at BlackRock, a well-known asset-management firm which moved up to No. 282 on the the Fortune 500 rankings last month.

The interview was conducted by Fortune magazine.

“With QE2, the Fed isn’t just buying Treasuries; the Fed is creating an incredible recycling of global reserves that goes into every financial asset class,” Rieder told Fortune. “With so many currencies pegged to the dollar, we functionally exported this monetary policy throughout the world and created extraordinary growth in global liquidity.”

CLICK HERE FOR THE ENTIRE INTERVIEW

Rieder is also a member of the Emory University Board of Trustees and Goizueta Advisory Board. In March he made a gift of $1 million to Emory to help create a program that will address some of the academic and socio-economic challenges that can affect high school dropout rates.

The funds will be used to support Graduation Generation-Atlanta, an initiative led by Emory’s Office of University-Community Partnerships (OUCP) and the Atlanta nonprofit Communities in Schools of Atlanta, in partnership with Atlanta Public Schools. The initiative involves community builders from higher education; philanthropic foundations; and national, state and local nonprofit agencies. These partners are focusing on factors within the school setting, including the engagement of parents, as well as factors within students’ communities.

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