Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
CalSTRS is considering a significant shift away from some stocks and bonds in one of the most aggressive moves by a major pension fund to safeguard against another downturn.
CalSTRS is considering a significant shift away from some stocks
and bonds in one of the most aggressive moves by a major pension
fund to safeguard against another downturn. The fund is reportedly
considering moving up to 12% of its portfolio, or more than $20
billion, into U.S. Treasurys, hedge funds, liquid-alternative funds
and other complex investments that it hopes will perform well if
markets tumble. Its holdings of U.S. stocks and other bonds would
likely decline to make room for the new investments. The fund will
also increase commitments to infrastructure projects, while foreign
stock holdings could go up or fall, depending on the board's
decision. A final decision won't be made until November.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.