Joy: Tactical asset allocation should only be used during market extremes
Tom Joy · Tom Joy – Divine Diversification and Responsibility at Church Commissioners (Capital Allocators, EP.306) · Apr 3, 2023 · at 27:03
Tom Joy, CIO at Church Commissioners for England, discusses why the endowment manages tactical asset allocation internally rather than outsourcing to external asset managers.
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“Tactical asset allocation in particular is something that's episodic, and you really want to be utilizing it when the elastic is stretched very tight.”
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