Institutional Investors

CalSTRS plans to hire consultant

by

The $133 billion California State Teachers Retirement System is planning to hire a consultant to provide advice, evaluation and monitoring of global macro hedge fund investments.

An RFP is in the works, but has been delayed from its original March time frame, according to the pension fund's spokesman Ricardo Duran. Should the California Teachers pension fund move forward with a hedge fund allocation it will be the first for the second largest pension fund in the US that traditionally has taken the private equity route for investment diversification as CalPERS grew its hedge fund portfolio to total roughly