The heads of two pension funds have joined a group of investment-related professionals from around the world working to avoid the kind of economic collapse that occurred in the last downturn.
"The hope is the club can be the voice of reason when the world goes crazy like 2000 and 2007. But that's very difficult to cut from the herd and buck the trend," said one of the newest members of the 300 Club, Christopher J. Ailman, CIO of the California State Teachers' Retirement System.
The 300 Club was established in 2011to "raise awareness of the potential impact of current market thinking and behaviors."
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