Investors see a range of threats on the horizon in 2024, including the continued potential for a recession, turmoil in international markets and market volatility driven by a contentious election year at home. Natixis Investment Managers surveyed 500 institutional investors, who collectively manage $23.3 trillion in retirement and other institutional assets, to find out what keeps them up at night as they look ahead to 2024.

"The markets have demonstrated tremendous resilience in absorbing a sharp rise in rates, inflation, and two wars so far in 2023," said Liana Magner, executive vice president and head of retirement and institutional for Natixis IM in the US. "While institutional investors anticipate plenty of headwinds in the year ahead, few are lowering their assumed rate of return for 2024, and long-term return expectations remain solidly at 8% on average."