The California State Teachers’ Retirement System (CalSTRS) adopted its eighth investment belief at the pension fund’s board meeting Wednesday, thus codifying an inaugural framework with which to make future investment decisions.
The $225.3 billion US public pension’s Investment Belief #8–which asserts that CalSTRS should be financially aligned with its advisers–will join its other adopted guiding principles, including an emphasis on socially responsible investing and on maintaining a diversified portfolio.
According to the pension’s press release, the development process commenced in 2015 and was discussed with input from key stakeholders and from Investment Committee staff.
CalSTRS currently has a 22 percent allocation to alternative investments.
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