The California State Teachers’ Retirement System (CalSTRS), which is the U.S.’s second-largest public pension plan, is looking to Canada’s own OMERS for advice, reports Bloomberg.
The California State Teachers’ Retirement System (CalSTRS), which is the U.S.’s second-largest public pension plan, is looking to Canada’s own OMERS for advice, reports Bloomberg.
A spokesperson for the California fund told Bloomberg that following the OMERS model—in which investment officers are treated as employees of a corporation—may help give CalSTRS more flexibility to respond to fluctuating market conditions.
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