Institutional Investors

CalSTRS may opt for Lyxor’s managed accounts


The California State Teachers’ Retirement System is in negotiations with Lyxor Asset Management, a managed account platform provider, following a search to find a consultant to help select, monitor and assess hedge fund managers with a global macro strategy.

The global macro hedge fund strategy is part of the $133 billion retirement system’s innovation portfolio, which is charged with incubating new investment opportunities outside the traditional asset classes. Officials have set aside 1.2% for absolute return/alpha strategies, but are permanently shifting 5% of the portfolio from global equities to create a new absolute