How Much Flexibility Can You Move?

Castors has a huge amount of flexibility and we use it. If you look at when I took over as CEO in the beginning of 2012, we had about 45% of our balance sheet in bonds or fixed income. And by the end of the year, we've taken it down to 15%. It's about 60 billion. We've moved out of fixed income into other asset groups. Now I don't think of too many pension plans who one would be able to do that.

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