CalSTRS chooses alternatives adviser

The California State Teachers' Retirement System, the second largest US pension fund, appointed a new alternatives advisor as it increases its allocation to the sector.

Two consultants got to the final round and Pension Consulting Alliance won the mandate for the $158bn (€116bn) Californian fund, besting Ennis Knupp.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink