| From Privateequityrealestate.net: The California State Teachers’ Retirement System is preparing to buy securities held by distressed sellers as well as non-distressed, discounted debt across all asset classes in an effort to take advantage of the financial market turmoil.
The $119 billion pension is planning to create a $6 billion “equity return” portfolio that will focus on distressed securities sellers, distressed-priced debt and high-yield bonds with returns of 15 percent or more. The portfolio, CalSTRS said in board documents, would hold assets from various classes like private equity, real estate and fixed income..... Full Article: Source
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