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Verdict is coming on risk-mitigation strategies; First-quarter returns will show which actions stemmed bleeding

Jun 01, 2020 - Pensions & Investments

First-quarter returns are expected to test how asset owners' strategies put in place to protect their portfolios have worked.

The firestorm that lit when CalPERS officials this year acknowledged that they had switched tactics and terminated two tail-risk hedge funds highlighted the variety of ways asset owners have chosen to protect their portfolios from downside risk. The common theme has been to preserve their portfolios from the illiquidity and losses suffered in the global financial cr...