Navigating Inflation Targets
Chris discusses the complexities of long-term asset allocation for a pension plan, likening it to a cruise ship navigating the ocean. With inflation currently low, the team made the strategic decision to sell their entire portfolio of TIPS when yields turned negative, highlighting the importance of adapting to changing economic conditions. The ongoing debate around inflation-sensitive assets continues as they work towards a target of 4%.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
Chris Ailman – CalSTRS’ Venerable CIO (Capital Allocators, EP.86)
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