The investment committee of the California State Teachers Retirement System is meeting today to discuss altering its asset allocation limits.
CalSTRS is thinking of altering its asset allocation caps, which sit at 40% for U.S. equities, 20% each for non-U.S. equities and fixed income, 11% for property and 9% for private equity.
The current situation allows a 3% deviation above or below caps, but the proposals would give it a 6% buffer in either direction. The system said that with the market volatility and lack of liquidity, it is not prudent to be forced into automatic rebalancing.