Dayton Hudson pension hedged 50% of its portfolio before 1987 crash
Wayne Wicker · Wayne Wicker - Managing for Millions who Matter (Capital Allocators, EP.44) · Mar 19, 2018 · at 14:00
Wayne Wicker describes the tactical asset allocation decisions made at Dayton Hudson prior to Black Monday in 1987.
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“So we took a 100% hedged exposure against equities and in the core of the portfolio, so about 50% of the pension fund.”
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