CalSTRS scouts for dedicated China-focused equity managers

The California State Teachers' Retirement System (CalSTRS), the second-largest US pension fund, has published a request for proposal (RFP) in search of China-focused public equity managers. Despite CalSTRS already holding around $3.7 billion worth of investments in Chinese equities, it is the first time the fund, which manages $305 billion in assets, has looked to appoint a specialised team for this fast-growing asset class. CalSTRS current exposure to China equities is a mixtur…