Pension Giant CPPIB Raises Red Flag Over Private Asset Boom
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Forget all the handwringing about ETFs, CLOs and Fed policy. Canada’s top pension manager says the huge shift of assets from public to private markets could trigger steeper selloffs and exacerbate a crisis.
Mark Machin, chief executive officer of the Canada Pension Plan Investment Board, said he’s worried that a growing sum of money is locked up in assets or investment vehicles that can’t be sold easily or quickly.