CalSTRS Hires MKP Capital For $50M Mandate

Jan 17 2013 | 8:46am ET

The California State Teachers' Retirement System has made MKP Capital Management its third global macro hedge fund manager.

As with its earlier hires, Alphadyne Asset Management and Bridgewater Associates, the $154.3 billion pension fund handed $50 million to MKP. The allocation was made in the fourth quarter, Pensions & Investments reports.

CalSTRS plans to hire a fourth global macro manager to complete its $200 million program for the strategy. Bridgewater was hired in December 2011 and Alphadyne in June.

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