Jean-Pierre Aubry

speaker

560 appearances 1 recordings 1 series first heard Jul 2026 last heard 23 Jul

Jean-Pierre Aubry’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

newest first · ▶ plays the moment

They've really tried to rectify how they fund the system.

They're more conservative in how they fund and their assumptions and their benefits in terms of asset allocation.

But what I can tell, they're just actually doubling down on this approach of shifting to alternatives.

And actually, recent research not done by my CRR,

But we used our database, the public plans database.

A researcher coming out of Harvard and I think USC, they were asking the same question, like, what's driving this transition?

Because a lot of it is going from stocks to alternatives.

Not even getting out of bonds is one more risk, but changing your risk profile.

And to do that, you have to have some really strong beliefs that these other things are better than stocks.

That's why you'd shift.

and what's driving that belief, and they provide evidence that it's primarily consultants, essentially.

Peer effect, too, yeah.

Anecdotally, I think that rings true.

I mean, our system is set up where board members are not experts.

They're representatives of factions, and they rely heavily on outside expertise for all the decisions, actuarially,

I think if you're looking towards for any of the whys around what public plans are doing in particular,

It's around the professional consultants and service providers they have because they rarely push back.

They don't have the expertise to push back.

It's the same as individuals.

It's like that same dynamic, but you're putting trust in them.

Showing 241–260 of 560 · page 13 of 28