Baumgartner: IAS plans to increase risk budget to 6-7% volatility
Mark Baumgartner · Mark Baumgartner – Luck, Risk and Uncertainty at the Institute for Advanced Study (Capital Allocators, EP.77) · Nov 26, 2018 · at 40:57
Mark Baumgartner, CIO of the Institute for Advanced Study, discusses adjusting the endowment's risk budget upwards from its historical low-volatility posture.
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“What we're saying is, well, let's take a five percent risk budget, which is about half of what we think peers have, and let's move that to six or seven.”
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