
92: CalSTRS: How the $300+ Billion Pension Fund is Allocating in 2023 - With Christopher Ailman, CIO
Money Maze Podcast
The Importance of Asset Allocation in PE and VC
I've read your sustainability report. So I'm going to come back a little bit later to ESG. Let's talk about the piece of the asset allocation where I can see that your team's achieved quite a lot of offer. Could we just start by hedge funds and infrastructure? How do you think about them before we then get to PE and VC? Hedge funds and infrastructure, you took two kinds of extremes. First let me describe hedge funds. I have a very strong view that hedge funds are not an asset class. They're just simply trading vehicles. The word hedge fund has really become just a legal contract of two and 20 and gates.
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