The CalSTRS board approved a search for domestic enhanced index equity managers. The RFP is expected to be issued by late summer, said Sherry Reser, spokeswoman for the $123.5 billion California State Teachers' Retirement System, Sacramento. Further information about the search was not available.
CalSTRS expects to add $2.3 billion to the $3.6 billion already managed in enhanced domestic stock index strategies. In the process, the fund will review its four existing external enhanced managers: Barclays Global Investors, State Street Global Advisors, Mellon Capital and DSI International.
Pension Consulting Alliance is assisting.