CalSTRS To Issue Currency Overlay RFP Later This Year

Jun 16 2006 | 9:58pm ET

The $142 billion California State Teachers Retirement System will issue an RFP later this year for active currency overlay managers. The managers will run 15-20% of the plan's $32 billion international portfolio, or roughly $4.8 billion to $6.4 billion, said Brenna Neuharth, spokeswoman for the plan.

Funding will come from the plan's internally-managed currency program, which runs half of the plan's currency exposure. The other half is run by international managers who are responsible for implementing currency risk. The RFP is likely to be issued late in the fourth quarter.

According to a staff memo, the active managers are expected to add up to 20 basis points to the fund. The plan's consultant is Callan Associates.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of