Bloomberg Business

Calpers CIO Says Pension Taking Cautious Approach to China

The California Public Employees’ Retirement System is being cautious in its approach to China because of the political blowback it could face for betting on a geopolitical rival of the US, according to Chief Investment Officer Nicole Musicco.

Banks Loading Up on Cash Fuel a Record $2 Trillion Bond Spree

Financial companies around the globe have sold $2 trillion of bonds in record time this year as European lenders raised money to repay cheap central bank loans and Chinese companies bolstered their balance sheets against mounting economic stress.

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