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