US - CalSTRS will allocate 5% of its portfolio to absolute return, increase alternatives and slash its equity allocation if proposed changes to its asset allocation mix are approved at an investment committee meeting next week.
Staff at the California State Teachers' Retirement System are proposing cutting global equity from a 60% target to 47% of the US$118bn portfolio. Other changes include increasing private equity ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
