The $112.7bn (&euro123.9bn) California State Teachers' Retirement System (Calstrs) has reshuffled $21.8bn in mandates and appointed State Street Global Advisors and Barclays Global Investor to share various mandates.

The £13.6bn Europe, Australia and the Far East mandate will be split 60/40 in favour of BGI, which previously managed a larger part of the mandate, said Sherry Reser, spokesperson at the fund.