By Eric Peters, CIO of One River Asset Management
“We are making three material changes to our portfolio,” said the investor, one of North America’s largest pools of public pension capital. “I’m curious whether others are considering similar adjustments,” he asked, high ceilings, mostly glass, transparent.
“We’re substantially downsizing our government bond portfolio, the first change. We’re exiting China entirely, and for good, we have little exposure left anyway, and I’m sure that’s fairly consensus, but that’s number two.” I nodded, waiting for the finale.
