If he were, he would have chosen a more auspicious moment than the current one — with the U.S. Federal Reserve preparing to pare back the extraordinary monetary policy support that levitated markets following the pandemic crash of February and March 2020 — to put tens of billions of dollars to work in global markets.
“Almost all financial products are fully or highly valued” now, which will add to the challenges of garnering strong returns and make it important to proceed in a “very deliberate manner,” said Mr. Kita, vice president and chief investment officer at the Japan Science and Technology Agency, in a recent interview.
