UPS: Risk assets and virtual happy hours

cheryl

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UPS: Risk assets and virtual happy hours - Top 1000 Funds

The $50 billion pension fund for employees of United Parcel Service is poised to increase its allocation to risk assets. The fund doesn’t time the markets and Ernie Caballero, CIO for the last two years and with the postal group for 28 years, says any shift into risk assets in the wake of recent extreme market volatility will be prudent. But judging the bottom of the market is now his keen focus.

“We should prudently increase risk seeking asset exposure given the recent sell-off in the markets. You can’t time the market, but the environment is ripe for considering this approach.”
 
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