Calstrs eyes stakes in Asian partners to capture growth

California State Teachers’ Retirement System may buy stakes in asset managers and other partner firms in Asia as its focus on the region rises, its deputy chief investment officer Scott Chan has told AsianInvestor. The $234 billion pension scheme decided last month to implement a plan – dubbed its ‘collaborative model’ – to heavily ramp up the share of its portfolio managed in-house or via co-investments. In distant markets such as Asia, Calstrs will continue to outsource invest…