“We use things like risk-based guardrails instead of just static rules. They adjust for things like inflation or market performance and even your spending needs.”
♫
Said on Retire Right Radio
“If there is a particular event on the horizon that would be unacceptable… example would be going into Brexit… we would want to manage those risks aggressively.”
Ontario Teachers Pension Plan · Capital Allocators - Inside the Institutional Investment Industry · Building the Total Portfolio at Ontario Teachers - Stephen McLennan
Play from 19:35
19:35
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
Uses a dynamic team within capital markets to assess macro events (e.g., Brexit) and adjust portfolio risk accordingly
Said nearby on the same subject
“Acquisition of Milton Corporation… introduced more capital, in Milton's case, $3.5 bn of capital that we were able to deploy into whatever we thought was the best risk-adjusted returns.”
♫
Said on The Rules of Investing
“We don't have predetermined allocations… go out and find the very best risk adjusted returns… constructing a portfolio by comparing A versus B.”
♫
Said on The Rules of Investing
“We also episodically hedge what we call black swan risk. We look for, you know, the event that could cause a market crash. And the way we manage that risk is by buying these sort of asymmetric instruments, credit default swabs, various kinds of options to hedge.”
BA
Bill Ackman / Pershing Square
Equity Mates Investing Podcast ·
Moments like this, every Monday
The strongest new moments on your topics, in the speakers' own words. Free for three topics.
No card. No password. One-click unsubscribe.
Track a competitor?
Pro watches up to 25 names or phrases and emails you the morning after they are said.
See Pro, $29 a monthVerbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.