May.11 — Christopher Ailman, chief investment officer of the California State Teachers’ Retirement System (CalSTRS), predicts markets will be range bound for the foreseeable future. He speaks with Bloomberg’s Scarlet Fu and Romaine Bostick on “Bloomberg Markets: The Close.”
In This Story: California
California, a western U.S. state, stretches from the Mexican border along the Pacific for nearly 900 miles. Its terrain includes cliff-lined beaches, redwood forest, the Sierra Nevada Mountains, Central Valley farmland and the Mojave Desert. The city of Los Angeles is the seat of the Hollywood entertainment industry. Hilly San Francisco is known for the Golden Gate Bridge, Alcatraz Island and cable cars.