92: CalSTRS: How the $300+ Billion Pension Fund is Allocating in 2023 - With Christopher Ailman, CIO
Money Maze Podcast
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How to Be Agile in a Large Pool of Capital
I like to say we're a big cruise line ship. I can't spend on a dime. It's 300 billion and being a public fund, it's very difficult to be agile. So we'll make subtle shifts. Like I said, we'll batten down the hatches. We'll tilt the portfolio a bit. But I'm going to ride through those storms. I would like to be countercyclical. The challenges we just did not understand after 08 when interest rates were near zero. At that point, we'd never seen anything like that in our entire careers.
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