
Asset Allocation
Falling Markets Send Endowment Index 7.5% Lower in Q3
Oil assets, MPLs were the top performers, while Chinese equities and real estate burdened the hypothetical portfolio.
Central banks in emerging markets have hiked at different speeds, with the best currency gains going to an aggressive Brazil.
This battered asset class should benefit from a host of new developments—such as a weaker dollar.
With good results in hand, he is shifting the allocation of his California transit agency pension fund and health care trust, aiming for still better performance.
This noted market pessimist said in January that some shares would thrive, despite a popped bubble.