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2008-2009 Great Recession

December 2007: Reallocated capital from value to growth

February 2008: Recommended a reduction of equity exposure

Q4 2018/Q1 2019. Invested in long-duration IG credit after the US IG credit spread priced the similar level as of Great Depression.  

Q1 2019. Made inflation-linked bonds as part of fixed income portfolio after 10-y breakeven priced zero expected inflation for the following 10 years.  

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