Institutional Investors Mandates & RFPs

Millennium Global lands $500m CalSTRS currency mandate


Millennium Global Investments, the London-based alternative asset manager headed by Michael Huttman that specialises in currency and macro management, has been awarded a major new US public sector mandate in the currency overlay space.

CalSTRS (the California State Teachers’ Retirement System), the largest US teachers’ retirement fund and second largest US public pension fund, has appointed Millennium Global to manage a $500 million specialist currency programme.

Millennium Global said the mandate represented a new relationship for the firm and was secured following a competitive tender – adding that it brings the firm’s total assets under management and advice