CalSTRS Hires Meketa To Serve As Investment Consultant

Apr 8 2014 | 10:36am ET

The California State Teachers’ Retirement System (CalSTRS) has hired Meketa Investment Group as a consultant.

Meketa was selected after a competitive process involving multiple national consultant firms. Meketa will work directly with CalSTRS’ investment committee alongside the pension plan’s existing consultant. Meketa will provide research and analysis on projects, monitor and comment on CalSTRS’ strategic asset allocation, and participate in the pension fund’s tri-annual asset allocation study.
 
“We are very pleased to be selected by a leading pension fund like CalSTRS,” said Stephen McCourt, managing principal at Meketa. “We believe our deep and experienced investment staff, thought leadership in research, and intensive level of client service, help distinguish Meketa Investment Group and will prove highly beneficial to CalSTRS. We look forward to working closely with their investment committee, providing informed insight on key investment issues and decisions.”

CalSTRS, the largest educator-only pension fund in the world with a portfolio valued at $180 billion, administers a hybrid retirement system, consisting of traditional defined benefit, cash balance and voluntary defined contribution plans.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of