| Q&A with Max Giolitti, Former Head of Risk Management and Asset Allocation at the Alaska Permanent Fund. For large institutional investors, what is your investment outlook on 2012, is it positive, negative, mixed?
In terms of asset prices it is mixed. Developed countries in particular are going through an adjustment period. From a “great moderation” standpoint this is a significant outlier event, but from a longer historical context it is not. Emerging countries will also experience the effects of the developed countries pains, but then the very definition of emerging implies greater volatility..............................................Full Article: Source
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