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Sign in Sign up for a FREE subscriptionCalSTRS adopts new investment beliefs
The $225.3 billion California State Teachers’ Retirement System has adopted Investment Belief number 8, thus completing its first-ever set of investment beliefs to provide overarching guidance on CalSTRS’ investment decisions across its portfolio asset classes.
The beliefs create a framework for investment policies pertaining to the alignment of financial interests with its external advisers. The set of eight beliefs also clarify the basis for making individual investment decisions and for evaluating the overall investment program.
The adopted beliefs include:
Benefits of a diversified investment portfolio. Recognition that global public investment markets are not completely efficient. Long-term benefits of managing investment costs. Critical capability of internal investment management. Potential to capture an illiquid risk premium.