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CalSTRS Awards $500M Currency Mandate

California State Teachers’ Retirement System has appointed currency specialist and alternative investment manager, Millennium Global Investments.

California State Teachers’ Retirement System (CalSTRS) has appointed currency specialist and alternative investment manager, Millennium Global Investments, Pensions & Investments reports. Millennium Global will manage $500 million in currency overlay.

The system will allocate about 15-20% of non-U.S. public equity target allocation to its three external currency overlay managers. The mandate will increase Millennium Global’s total assets under management to about $12 billion, adds Reuters.

Click here for the story from Pensions & Investments.

Click here for the additional coverage from Reuters.

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