BarraOne will be used by CalSTRS to help it monitor portfolio risk and make asset allocation decisions, as well as in the portfolio risk management of CalSTRS internal equity program. The external equity group at CalSTRS already employs Barra Analytics on FactSet to help in the selection and monitoring of their external equity managers.
Baer Pettit, Managing Director and Global Head of Client Coverage at MSCI Barra, said, "We are delighted that CalSTRS has chosen BarraOne to help them manage and monitor portfolio risk throughout their organization. The fact that BarraOne is being used by different groups within CalSTRS to help them with the various steps of the investment process reinforces BarraOne's robust functionality and flexible structure.â
CalSTRS is one of several major public pension plans in the US to adopt BarraOne to better gauge and manage the risk across asset classes in their plan. CalSTRS provides retirement related benefits and services to teachers in public schools and community colleges throughout California.