CalSTRS alters allocation to favor inflation sensitive, illiquid assets
The California State Teachers’ Retirement System (CalSTRS) will recalibrate the long-term allocation targets of its $170 billion investment portfolio, placing greater emphasis on inflation-sensitive and illiquid assets at the expense of equities and fixed income.
The pension fund's private equity target will increase by one percentage point to 13%. As of July 2013, it had $21.8 billion - or 12.8% of the entire portfolio - committed to the asset class. The real...
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