CalSTRS this spring will look at creating a small/emerging active equity manager program. The $92 billion California State Teachers Retirement System, Sacramento, would take equity stakes in the managers chosen.
The CalSTRS investment committee at its May meeting will take up its postponed RFP for a real estate consultant. The contract, which in December was being divided between consulting and performance measurement duties, is up for regular review. Incumbent Pension Consulting Alliance will be eligible to bid.
In addition, the investment committee next month will examine its split between passive and active management of the funds $35.2 billion in domestic equities. The policy target, which was last revisited in 1997, set an 80/20 split between U.S. passive and active domestic stocks.