CalSTRS Taps Millennium Global For Currency Strategy

Feb 10 2011 | 8:13am ET

The California State Teachers’ Retirement System has appointed London-based currency specialist and alternative investment manager Millennium Global to manage a US$500 million specialist currency program.

Millennium secured the CalSTRS deal following a competitive tender. The new relationship with the California teachers brings Millennium’s total AUM to over US$12 billion.

Millennium CEO, Mark Astley, said, “We are delighted to be working with CalSTRS as they seek to manage their currency exposure and increase their returns from an active currency overlay strategy. This mandate confirms our position as a leader in the specialist currency overlay space.”

Millennium Global is a specialist currency and alternative investment manager with over 40 professionals across four international locations. The firm was founded in 1994 by ex-Goldman Sachs executive director Michael Huttman, a pioneer in currency management overlay, now executive chairman and chief investment officer.


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