The $283 billion California State Teachers Retirement System (CalSTRS) has been discussing important shifts within its alternative investment portfolios, including an additional allocation of up to roughly $1.8 billion to macro strategies.
The pension is currently onboarding Albourne, which will be the advisor to the now $24 billion risk mitigating and innovation portfolio going forward. Risk mitigating strategy consists of long duration U.S. Treasuries (40%), trend following strategies (45%), global macro (10%) and systematic risk premia (5%).
Albourne will be working closely with risk mitigating strategy staffers Steven Tong and Carrie Lo to . . .
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