CalSTRS seeks consultant for collaborative model

The US public pension looks to implement and expand its program through an external investment consultant.

Institution: California State Teachers’ Retirement System
Headquarters: Sacramento, United States
AUM: $227.83bn
Allocation to alternatives: 26.92%
Bitesize: $100-200m

California State Teachers’ Retirement System announced its plans to hire an investment consultant to help manage what it calls its Collaborative Model. The goal of the model is to achieve an efficient balance between internal and external asset management through important resources that include human resources, procurement, travel, legal, technology, financial services and communications.

As illustrated in the charts below, the US public pension currently allocates 26.92% to alternative assets. Christopher Ailman is the current Chief Investment Officer of CalSTRS.

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