CalSTRS

Asset Allocation

A giant takes its first small steps in infrastructure

In 2008 CalSTRS decided on building an exposure to infrastructure that eventually would total $3.5 billion or 2.5 per cent of its more than $148 billion overall portfolio. An experienced investor in other asset classes, it was a relative newcomer to infrastructure.

SAM RILEYFebruary 24, 2012

Uncategorised posts

Infrastructure comes of age in low returns environment

As cash-strapped governments around the world come under pressure to sell public assets, capital-intensive investors are searching for stable yielding investments, bringing the maturing infrastructure asset class back into the framework. Sam Riley looks at examples from around the world.

SAM RILEYFebruary 24, 2012

Uncategorised posts

CalSTRS boosts infrastructure exposure

The unique pension fund-owned structure of Industry Funds Management contributed to it winning a large infrastructure mandate from the $144.8 billion CalSTRS, whose risk-based view of the world has it looking for inflation-hedging diversification.

Amanda WhiteFebruary 8, 2012

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Doubts raised about Cal pension plan

While Virginia is the latest US state to announce an overhaul of its public pension system, a report into California’s pension reform plans says it does little to address CalSTRS’ $56 billion of underfunded liabilities and that some proposals may be unconstitutional.

SAM RILEYJanuary 18, 2012

Asset Allocation

A giant takes its first small steps in infrastructure

Uncategorised posts

Infrastructure comes of age in low returns environment

Uncategorised posts

CalSTRS boosts infrastructure exposure

Uncategorised posts

Doubts raised about Cal pension plan

Uncategorised posts

The year that was, a CIO’s perspective

Uncategorised posts

California governor plans pension reform

California Public Employees Retirement System (CalPERS)

ABP/APG Asset Management

California State Teachers Retirement System (CalSTRS)

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