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

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note