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Investors - NOVEMBER 8, 2019

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CalSTRS’ new asset allocation plan to increase infra target

by Kali Persall

The $242 billion California State Teachers’ Retirement System has increased the long-term targets of its inflation-sensitive assets, including infrastructure, as part of a new asset allocation cycle planned for next year.

CalSTRS increased to 6 percent the target allocation for its inflation-sensitive program, which is composed of infrastructure, commodities, Treasury inflation-protected securities (TIPS), and agriculture and timber, according to a board meeting document. The pension fund’s inflation-sensitive assets currently have an actual allocation of 2.7 percent and a target allocation of 3 percent.

In September, the pension fund said it was considering alternatives for the new cycle and would begin discussing alternative allocati

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