​San Bernardino’s Pierce: Vol Exploration Is No One-Time Phenomenon

Mar 23, 2015

San Bernardino County Employees’ Retirement Association (SBCERA) has made positive changes to its portfolio in recent years—buying and selling volatility and adapting its equity exposure for more attractive payoffs. Donald Pierce, the pension fund’s chief investment officer, noted that exploring volatility is no one-time phenomenon for the pension fund.

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