CalSTRS CIO Ailman Says February Was a Tough Month

The video discusses recent market losses involving major companies like Apple, Microsoft, and Amazon. It emphasizes a long-term investment strategy, noting that February was a challenging month due to high volatility. The speaker highlights their approach of taking profits during market highs and anticipates continued volatility. They have adjusted their asset allocation to be neutral and are exploring global investment opportunities.

Which companies were mentioned as experiencing losses?

• Apple, Microsoft, and Amazon

• Netflix, Spotify, and Uber

• Google, Facebook, and Tesla

• IBM, Intel, and Cisco

What is the primary focus of CalPERS in terms of investment strategy?

• Short-term gains

• Monthly tracking

• Long-term investment

• Daily trading

What was the strategy when the market hit new highs?

• Sell all assets

• Take profits

• Hold all investments

• Invest more in equities

What unusual market condition was noted in 2017?

• Frequent 2% daily market moves

• No single days with 2% market moves

• Constant market decline

• Daily market growth

What is the current stance on asset allocation?

• Heavily investing in tech

• Aggressively buying

• Completely selling

• Absolutely neutral