Taking a Peek Inside Los Angeles's $60B Pension Fund

The video discusses investment strategies, focusing on the allocation of public and private equities. It explains the rationale behind investment decisions, including the need for growth and downside protection. The discussion covers recent changes in equity allocation, particularly in public equities, and the impact of low interest rates on return expectations. The importance of optimizing portfolio management and considering fees in manager selection is also highlighted, with a focus on comprehensive analysis including ESG factors.

What is the significance of the experience study mentioned in the text?

How does the organization view the relationship between low fees and optimized returns?