Calstrs to Put $16 Billion Into Lower-Risk Stocks and Treasuries

  • Second-largest pension fund seeks to curb risks after downturn
  • Strategy expected to reduce returns by 0.1 percentage point

The California State Teachers’ Retirement System, the second-largest U.S. pension fund, will sacrifice some gains during boom years for more stability in its $180 billion portfolio by buying more Treasuries and by riding out short-term volatility in stocks.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.