CIO Alert, May 20, 2021

For the world’s largest asset owners

May 20, 2021

There’s a Rolling Correction Happening in Stocks, Says Morgan Stanley’s Wilson

Rotation blues: Tech, small-caps, and utilities are off now, with homebuilders among those that could get dumped next.

CalSTRS Appoints First Female CEO: Cassandra Lichnock

She will replace Jack Ehnes, the outgoing head of the pension system who postponed his retirement last year because of the pandemic.

SPONSORED BY American Century Investments

EMD: Reframing the External vs. Local Debt Debate for 2021

The historical outperformance of external debt has led emerging markets debt (EMD) investors to overweight external debt compared with local debt.

NY State Assembly Passes Mandatory Auto-IRA Bill

The amended ‘Secure Choice’ program would apply to companies with 10 or more employees.

PE Fund CEO Charged With Lying to Secure $95 Million Loan

Elliot Smerling could face more than 60 years in prison for wire fraud, bank fraud, and identity theft.

In Focus: Europe’s Venture Capital Finally Flowers, Luring Institutional Investors

Why big allocators on this side of the Atlantic, like CalSTRS, CPPIB, and OMERS, are seeding Old World newbie companies.

Editorial: CIOeditors@issmediasolutions.com

Industry Intel Roundup—Featured White Paper

Chief Investment Officer is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring white papers sponsored by or featuring experts in the industry. The content was created to supply actionable insights to institutional asset owners regarding investing and governance.