Skip to content
Subscriber Only

California Pension May Ease Rules to Reduce Outside Managers

The California State Teachers’ Retirement System, exploring changes in hiring and pay to reduce its dependence on external managers, is looking to one of Canada’s biggest public retirement funds for advice.

The second-largest U.S. public pension, which manages a third of its $152.7 billion portfolio in-house, is consulting the Ontario Municipal Employees Retirement System, which self-manages about 85 percent of its C$55.1 billion ($55.1 billion) portfolio.