The California State Teachers Retirement System (CalSTRS) is looking to consider active/passive allocations alterations to its global equities policy, IM Weekly reports. An investment committee study has suggested the active/passive allocation range to be broadened to a plus/minus 10 percent band.
The current policy of the $131 billion system comprises 70 percent passive/30 percent active with a plus/minus 5 percent range for the U.S. portfolio, along with 50 percent active/50 percent passive with a plus/minus 5 percent range for non-U.S. portfolios. The increase in levels will enable flexibility to move assets instead of the present ranges controlling the asset allocation decisions.
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