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The California State Teachers’ Retirement System (CalSTRS) is considering a move into less-risky investments, reports The Sacromento Bee.
The fund could reportedly move up to 12% of its portfolio (about US$22 billion) out of U.S. equities and other volatile investments and into infrastructure and long-term U.S. Treasuries.
“CalSTRS officials said the discussion on asset allocation has been under way since February and is a task the pension fund undertakes every three years,” the paper reports.
To read the whole story, visit sacbee.com.
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