(Bloomberg) — The California State Teachers' Retirement System, the second-largest U.S. pension fund, may move as much as 12 percent of its portfolio into comparatively safer global stocks, infrastructure, and Treasuries, according to documents being reviewed by its investment committee Wednesday.
The West Sacramento-based fund is exploring ways to hedge against volatile stocks that compose more than half its $191.4 billion portfolio after the global financial crisis wiped out more than 10 percent of its value between 2008 and 2010.
Consultants are to discuss a so-called "risk mitigation strategy" with the investment committee today, although no decision is expected.
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