CalSTRS Shifts Asset Allocation Mix

The California State Teachers’ Retirement System (CalSTRS) Investment Committee said it voted to make a subtle shift in long-term asset allocation targets of its $170 billion investment portfolio. The new asset allocation cut the largest asset classes, such as Global Equity, to 51% from 53%, while Fixed Income fell to 16% from 20%. Meanwhile, the illiquid asset classes, consisting of Real Estate and Private Equity, saw their allocation edge upward by 1% respectively. The new long-term allocation target for private equity rose to 13% from 12%, CalSTRS said.

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