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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at

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CalSTRS Invests in London Firm

Sep 15, 2013
Jing Chen

The California State Teachers’ Retirement System, the second-largest pension fund in the country, has selected Hermes Fund Managers as one of its two commodity managers.

Reuters reported that CalSTRS has invested an undisclosed amount out of the allocation total of $150 million to London-based Hermes. The name of the second commodity manager was not disclosed.

CalSTRS spokesman Ricardo Duran explained to Reuters that the pension fund’s plan to increase its allocation to commodities had progressed slowly over the past three years to tame inflation levels.

Specializing in alternative investments, equities and fixed income, Hermes manages a total of approximately $166 billion across its platforms. CalSTRS manages about $150 billion for the state’s educators.


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