CalSTRS asks for leeway in use of active/passive management

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US - Staff at the California State Teachers Retirement System want to expand the range of active versus passive management they can use in the global equity portfolio, stating the current policy is too restrictive.

In a memo to be discussed at an investment committee meeting on February 4, staff is requesting the range of active/passive management be increased to +/- 10% of the existing policy targets, double...

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