Managed Futures
May 2020 - Stop Calling The Pandemic A ‘Black Swan’
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The pandemic is revealing many deficiencies of the status quo. Let me point out one weakness — and offer a remedy.
Writing about asset allocators and the pandemic, my fellow Institutional Investor columnist Ted Seides recently recommended that:
“CIOs must gather a flood of information from their managers to process what’s happening, calculate performance, and assess risk. They [should] read voraciously and call select managers and strategists to get a sense of what problems may lie ahead and what opportunities may present in their portfolios.”
Ted’s right. Asset allocators need plenty of information to understand and prudently respond to the pandemic.
But he’s wrong to identify only managers and strategists as allocators’ key sources.