Calstrs CIO Ailman Still Sees 50% Chance of Recession This Year

While some economists have dialed back recession expectations, the chief investment officer of the US’s second largest public pension fund sees signs of a looming downturn.

“I still think there’s about a 50-50 chance we have a recession somewhere in the next two quarters,” California State Teachers’ Retirement System CIO Chris Ailman told Bloomberg Television on Friday, acknowledging that he’s been saying that for a year and has been “flat-out wrong.”