Administration October 10, 2001
CalSTRS Realigns Portfolio Targets
October 10, 2001 (PLANSPONSOR.com) - 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.
Reported by editors@plansponsor.com
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
editors@plansponsor.com