Summary: Aug. 5 (Bloomberg) -- Christopher Ailman, chief investment officer at California State Teachers' Retirement System, says the markets are "way too hung up" on when exactly the Federal Reserve will taper asset purchases. He says interest rates begin to rise and the Fed's balance sheet shrink over time as the economy can weather the impact. Ailman also discusses CalSTRS's investment methods. Ailman talks with Bloomberg's Kathleen Hays and Vonnie Quinn on Bloomberg Radio's "The Hays Advantage." (Source: Bloomberg)
