US pension fund The California State Teachers' Retirement System is looking for a new director of global equities, following the incumbent head's decision to retire at a time when asset managers are shunning equities in favour of less risky asset classes.
The $170bn (â¬109bn) scheme, the US' second-largest pension fund, is looking for a replacement for Elleen Okada, who took leave at the end of March but is due to retire on November 1 after 11 years as Calstrs global head of equities.
