Institutional Investors

CalSTRS implements global macro portfolio


The $148 billion California State Teachers’ Retirement System has officially announced its selection of Lyxor Asset Management as its advisor in the development of a new global macro hedge fund strategy.

The new strategy is part of the CalSTRS Innovation Portfolio and will be implemented on a trial basis for up to a three-year period to determine its value to the overall CalSTRS investment programme.

CalSTRS announced its intention to award a mandate to Lyxor in February as it was winding down its global macro consultant search. The plan originally was to work with a consultant to select