CalSTRS increases allocation to real estate

The US public pension has increased its exposure to real estate.

Institution: California State Teachers’ Retirement System
Headquarters: Sacramento, United States
AUM: $226.53bn
Allocation to alternatives: 26.92%
Bitesize: $100-200m

California State Teachers’ Retirement System has increased its target allocation to real estate from 12% to 13%, according to a document for an upcoming board meeting. The pension currently allocates 13.87% of its total fund to real estate.

As illustrated in the charts below, the $226.53 billion Sacramento pension has a diversified portfolio that includes investments in several asset classes both domestically and internationally.

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