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The Allocator: Chris Ailman of California State Teachers' Retirement System
Calstrs’ CIO discusses the market outlook, the search for the perfect manager and why the third largest pension in the U.S. is investing in hedge funds for the first time.
At $130 billion in assets, the California State Teachers' Retirement System is the third largest pension in the United States. But in terms of its approach to investing in hedge funds, the pension lags far behind its peers. The $199.4 billion California Public Employees' Retirement System first started investing in hedge
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