CalSTRS Seeks Alternative Investment Managers

Oct 26 2007 | 2:18pm ET

The California State Teachers’ Retirement System issued a request for proposals today for alternative investment portfolio advisers to recommend partnerships, perform due diligence and assist and advise CalSTRS staff.

The final filing date for proposals is Nov. 29, with selections expected by early 2008. A copy of the RFP will be available soon at www.CalSTRS.com/rfp.

The request for proposals aims at establishing one nondiscretionary alternative investment advisers in each of three global regions: The Americas; Europe, the Middle East and Africa; and Asia/Pacific. An adviser may be awarded more than one region. The firms selected will be fiduciaries to CalSTRS and must be registered investment advisers.

The competitive process is prompted by the expiration of existing contracts with CalSTRS’ U.S. adviser, Cambridge Associates, and its European adviser, Altius Associates.

The $176 billion CalSTRS investment portfolio is the second-largest public pension fund in the nation. As of Sept. 30, the alternative investment portfolio had a market value of $13.7 billion. Geographically, the alternative investment portfolio is invested 70% domestically and 30% internationally. Since its inception in 1988, the alternative investment portfolio has had a 19.8% return.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.