US - CalSTRS, the giant $105bn California State Teachers' Retirement System, may increase its private equity allocation .
Currently, the Sacramento-based pension fund has allocated 5% of its total assets to private equity. Under a proposal recommended by the fund's consultant, Pension Consulting Alliance, and the fund’s in-house investment staff, this allocation could be raised to 8%.
The proposal will be examined by the fund's investment committee when it meets on October 10.
Additionally, CalSTRS has extended its search for real estate investment managers to run $150m. The search, which was due to close in mid September, will now close on November 2 due to the events of September 11.
By Geoffrey Ho
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Jupiter Asset Management's Abbie Llewellyn-Waters, manager of the Jupiter Global Sustainable Equity strategy, explains why firms need to integrate ESG into their business model