Dominic Garcia
13 statements across 1 episodes · 5 bullish · 1 bearish · 1 people on the record · first statement Apr 5, 2021 by Dominic Garcia · across every show →
On the record as a speaker too: Dominic Garcia's record, appearances and statements → this page counts the times other people say the name.
Everything said about Dominic Garcia, oldest first
Apr 5, 2021 neutral
Apr 5, 2021 neutral
Apr 5, 2021 negative
Apr 5, 2021 positive
PERA delegates all manager selection to internal staff while board sets risk
“So what our governance looks like today is our board makes three decisions. They set our overall risk tolerance, they approve our risk budget as what I've been talking about, and they set benchmarks. Everything else gets delegated down to staff. So the manager…”
Apr 5, 2021 bullish
Garcia: PERA targets 7.25% return using 10% beta leverage and 1% alpha
“What we're looking at is in our beta book, we're looking to incorporate embedded leverage in the asset classes and then about in a very modest amount, which is about 10% at the total asset allocation level. So we think we can get somewhere around a six percent…”
Apr 5, 2021 neutral
Apr 5, 2021 neutral
Garcia: PERA allocates 2% tracking error to target 1% excess return
“And then, so in alpha space, we'll say, you know what, in addition to the risk we're taking in asset allocation space or beta, we want to take up to another two percent tracking error relative to that beta that we're taking. And up to that additional two perce…”
Apr 5, 2021 positive
Garcia: Separately optimizing alpha and beta risk budgets improves total plan risk-return
“And so when you separate those two things, optimize them individually, and bring them back together, what ends up happening is your alpha book tends to be quite low correlated to your beta book. And so the total risk it generates is quite low. So what you're g…”
Apr 5, 2021 neutral
Garcia: Private asset tracking error against public benchmarks catches up over 3-5 years
“The tracking error that we're generating from our private assets, a good chunk of that is really this lagged effect relative to our public market equivalents. It catches up over a three-year rolling, a five-year rolling period, but that's really where the slip…”
Apr 5, 2021 positive
Apr 5, 2021 neutral
Apr 5, 2021 positive