Mandates & RFPs

CalSTRS announces Lyxor negotiations


The $132.5 billion California State Teachers’ Retirement System is rounding out its global macro consultant search with the announcement of an intention to award a mandate to Lyxor Asset Management.

A contract is expected to be finalised in the next two months or so and officials have yet to say how much they will allocate to the Lyxor platform. The original search was for a consultant to help select, monitor and assess hedge fund managers for a global macro strategy as part of a three-year pilot project for the pension fund’s new absolute return asset class.

The plan