Monday, 24 October 2016
Last updated 1 hour ago
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.