CalSTRS Realigns Portfolio Targets

October 10, 2001 ( - The investment committee of the California State Teachers' Retirement System has made some changes to its target asset allocation, which is reviewed once every two years.

It plans to increase its exposure to real estate, from 5% to 7% and its exposure to alternative investments, such as hedge funds, from 5% to 8%.

And while its positions in international equity will be reduced from by 5% to 20%, its exposure to fixed income and domestic stocks will remain level at 26% and 38% respectively. Liquidity will remain flat at 1%.

A plan for implementing the new strategy will be presented to the investment committee in November, according to CalSTRS spokesperson Sherry Reser.

– Camilla Klein