(Bloomberg) -- Tougher antitrust enforcement under the administration of U.S. President Joe Biden is beginning to hurt mergers-and-acquisitions activity, Lazard Ltd. Chief Executive Officer Ken Jacobs said Thursday in a Bloomberg Television interview to air on Nov. 5.
“It is having an effect on most people's confidence about launching a deal. The place that's been most acute so far is deals over $20 billion,” Jacobs said. “That said, there's an enormous amount of activity in the $1 billion to $10 billion space, both for strategic as well as private equity.”
Jacobs also discussed investments in environmental, social and governance areas:
- Asset management will eventually shift away from defensive ESG investing
- He expects to see more incentives for green investing over time
- Governments can pick a few areas to accelerate transition to green sources of energy
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