For the world’s largest asset owners
July 14, 2021
Cathie Wood Cuts China Stock Holdings, Leery of Beijing’s Crackdown
The growth stock maven thinks official persecution will squelch valuations, especially of promising tech titans.
CalPERS Reports Preliminary Return of 21.3% for 2020-21
The strong performance triggers a reduction in the assumed rate of return to 6.8%.
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China Fixed Income: a fast-growing and strategic asset class

With global government bond yields low or negative, investors are increasingly searching for alternative diversifiers to equities. The China bond asset class has offered a high yield pickup vs. developed market government bonds, as well as a lower correlation with other asset classes. An active approach to China fixed income can serve as a powerful diversifier in global fixed income portfolios.

PBGC Issues Interim Final Rule on Multiemployer Bailout Plan
The agency’s proposal sets a priority system for distributing $94 billion to severely underfunded pension plans.
In Focus: How Did Ken Griffin Get to Be Such a Big Deal?

His hedge fund firm, Citadel, has thrived for the past 30 years, thanks to his data-driven zeal—and an early start. Way early.

Class of 2021 NextGens: Cynthia Muller

How the director of Mission Driven Investment at W.K. Kellogg Foundation is tackling structural inequity by magnifying how we see opportunity.

Editorial: CIOeditors@issmediasolutions.com
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