Investors - JULY 25, 2016

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CalSTRS sees plenty of opportunities in U.K.

by Andrea Waitrovich

The $180 billion California State Teachers’ Retirement System released its 2016–2017 fiscal year plan during its July 14 meeting.

As of March 31, its real estate portfolio had a total value of approximately $26.5 billion.

The pension plans to liquidate nonstrategic assets and target investments to lower risk strategies. In addition, it plans to review manager relationships to ensure alignment of interests and focused strategies.

For its U.S. core portfolio, CalSTRS will continue to overweight in apartments and will look to sell down in select markets while increasing office, industrial and retail.

For its international investments, CalSTRS will work with The Townsend Group and existing partners to evaluate the best risk and return markets outside the United States. The goal is to invest with low to moderate-risk strategies that focus on cash flow.

“CalSTRS is always looking for good opportunities in all markets, inc

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