shelly banjo, great story today on gadfly.will head to toronto and speak with the ontario teachers pension plan chief investment officer. schatzker is there and what he is looking for to move the needle on his $170 billion behemoth. ♪ anchor: let us had up to toronto. bloombergs erik schatzker is --h younger than larson, john brennan lawson. this is exactly what he would ask. what are you doing about hedge funds? bjarne: we are doing a lot about hedge funds. i guess one of our panelists here today at the conference is running all of our hedge funds and we have a strong relationship with hedge funds. some years ago, we used to think of them as someone that could invest our money for us, but it has actually changed a lot and we have fewer relationships today i'm a but they are much more strategic in nature and we are really trying to use hedge funds as a source of sharing information on a much more integrated part. erik: there is a prevailing narrative that pension plans have had it with hedge funds. calpers has exited or is exi

shelly banjo, bloomberg gaslight columnist.options inside from the financial select sector etf. this is bloomberg. ♪ vonnie: welcome back. it is time for options insight. joining me is a member of mkm holdings. we're starting back into earnings season tomorrow with alcoa after the close. tradersut how options are viewing this season. >> alcoa tomorrow, financials later this week's friday will be bank of america, citi, and wells fargo. xlf, the financials etf skew, pretty benign. if you look at the prior few quarters, volatility relatively low, skewed gently downward sloping. it is the way it should be. nothing alarming in terms of that set up. in flf over the last week, the put call interest ratio has declined. the market appears to be setting up on the long side, entering earnings for the financials. vonnie: is it financials for financials or the fact that u.s. financials is so much more healthy and some european counterparts or is it something about a potential fed interest rate hike? >> a little both. look at post-brexit and