HESTA entered the COVID-19 pandemic with an overweight 9% cash allocation
Sonya Sawtell-Rickson · Sonya Sawtell-Rickson – Total Portfolio Approach at Australian Superannuation HESTA (EP.342) · Oct 9, 2023 · at 47:19
Sonya Sawtell-Rickson, CIO of Australian superannuation fund HESTA, discusses portfolio positioning ahead of the COVID-19 market crisis.
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“We were fortunate we actually went into that period through our dynamic asset allocation process, underweight risk assets, and overweight cash. So we were running about nine percent cash going into COVID.”
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