US - CalSTRS, the giant $95.5bn California State Teachers Retirement System, is to cut its overall allocation to an approximately $19.6bn international equity brief from 25% to 20% amid performance concerns.
A spokeswoman for the fund explained that the reason for the 5% decrease was due to the poor performance of non-US equities over the last three and a half years. “With 25% in international equit...
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