The California State Teachers’ Retirement System(CalSTRS)has issued a request for proposals seeking alternative investment portfolio advisors to recommend partnerships, perform due diligence and assist and advise its staff.

The request for proposals aims at establishing one nondiscretionary alternative investment advisors in each of three global regions: the Americas – North and South America; Europe – Europe, the Middle East and Africa; and Asia/Pacific – Asia/Pacific and Australia.

An advisor could be awarded more than one region. The firms selected will be fiduciaries to CalSTRS and must be registered investment advisors.

This competitive process is prompted by the expiration of existing contracts with CalSTRS’s U.S. advisor, Cambridge Associates LLC, and its European advisor, Altius Associates.

The final filing date for proposals is Nov. 29, 2007, with selections expected by early 2008.

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