Peter Wallach
Director of Pensions
Merseyside Pension Fund
Peter Wallach is speaking at our Room151’s Equities and the LGPS Roundtable
What is your company’s AUM?
- £12.8billion
What are your key responsibilities?
- Overall responsibility for all day to day operations of the fund.
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The most underrated source of returns is...
Avoiding permanent impairment of capital.
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The hardest part of portfolio construction...
Is deciding what to leave out.
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The thing about private markets is...
That they are more extensive and wide reaching than it may seem at first glance.
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The biggest risk in fixed income today is...
The precarious state of public finances in much of the developed world.
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The biggest lesson I've learned in investing is...
Be humble. well, two big lessons. When it goes right, you’ve been fortunate. When it goes wrong, it’s down to poor judgment not the market! Market timing is a mugs game (with honourable exceptions of course)!