CalSTRS to review global equity managers in 10-year plan

US - CalSTRS is set to review its global equity mandates and will make changes "as necessary" in the wake of losses in excess of 30% last year, the scheme outlined in its 10-year investment plan.

According to the meeting agenda, the fund will maintain relationships with "only the highest conviction active managers that generate high sources of consistent alpha". The plan was approved at an ...

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