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2015 6
Search Results 0 to 5 of about 6 (some duplicates have been removed)
Nov 9, 2015 3:00am PST
increase of volatility. now the volatility is due to the crisis in emerging markets, in china, and to lack of liquidity, which has been referenced here in the fixed income markets. you are treading on thin ice here. okay? you are 6.5 years into a bull market. the stuff about hedge funds is not the point. the people who talk about hedge funds from the public are totally missing the point. ironically and tragically, you have to derisk this portfolio fast or as fast as the public pension fund can move. moving to 5-10% on hedge funds is because it seems to be the only thing that you guys can think of. because of the endowment model. i think you should think beyond that, but it's going it take a long time to put spreads and calls to get you to think that way. your risks are increasing, significantly, right now. do not underestimate the risks that are created by ill-liquid bond markets. from the public members have no idea what they are talking about about hedge funds. and i'm not a big fan of them-- >> thank you. >> i'm not a big fan of them, i share commissioner meiberger's concerns about
Search Results 0 to 5 of about 6 (some duplicates have been removed)