How CalSTRS Is a Risk Mitigator

In the U.S., I would say certainly in the public pension space, I guess there's more than 10. Do you know of any European pension funds that have gone down this road? And frankly, if 10 big pension funds say, yeah, this is what we're going to do, is that kind of, they're going to fill up the whole trend following space with just their allocation or how do you see that dynamic? It's a good question. I think it's one that the remains the behavioral challenge of convincing people of the merits of these strategies.

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