US - The $95.5bn California State Teachers Retirement System, CalSTRS, is considering an investment in underdeveloped urban areas.
The fund put out a request for information (RFI) for investment in this area.
Fund spokeswoman Linda Riley said the the RFI regarding investing in underdeveloped urban areas in California was issued in September, 2001. The proposals were due back on October 10.
During a meeting in October, the board reaffirmed its interest in these types of investments. Although there are no firm plans as of yet, discussions with the board will continue.
By Janet Du Chenne
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