Taniguchi will direct a staff of 11 who manage the global equities portfolio, which accounts for 55.2% of the $132.6 billion CalSTRS investment portfolio as of February 28, 2010, according to a news release. The global equities staff directly manages one third of the portfolio and oversees 58 external managers.
They oversee and manage a developing manager program, and the CalSTRS sustainable investment and directed brokerage programs. Global equities staff also evaluates the investment options for the Pension 2 program, the defined contribution option for CalSTRS members.
Taniguchi joined CalSTRS Global Equities in 2001, from a staff position at CalSTRS Private Equity, where she worked six years. She has 17 years of investment management experience and holds a Bachelor of Science degree in business administration.
The announcement said CalSTRS consolidated its equities portfolio from distinct U.S. and non-U.S. asset classes to its current global equities mix in February 2009 after the financial crisis revealed that both domestic and non-U.S. stocks behaved similarly and segregating them into separate asset classes was not an effective approach to diversification.CalSTRS is the second largest public pension fund in the United States, administering retirement, disability and survivor benefits for California’s 848,000 public school educators and their families from the state’s 1,400 school districts, county offices of education, and community college districts.
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