CalSTRS Invests in ABS EM Tech
ABS Global Investments (ABS), an $8 billion asset management firm focused on differentiated equity strategies across global, emerging markets and growth equities, announced that the California State Teachers’ Retirement System (CalSTRS) will invest in the ABS Insights Emerging Markets strategy.
Managed by Guilherme Ribeiro do Valle, founding partner and portfolio manager, the strategy partners with local specialists to pick stocks in their markets and then utilizes a systematic selection process for portfolio construction. The strategy offers a diversified, all-cap core portfolio of approximately 150 to 250 stocks, with exposures across large, mid, and small-cap stocks.
“As institutional investors look for a more innovative approach to investing in emerging markets, our ABS Insights Emerging Markets strategy offers unparalleled access and differentiation in its distinctive exposure to local EM stocks,” said Valle. “By partnering with local specialists with on-the-ground expertise in our stock selection, we’re able to uncover unique names, particularly in the mid and small-cap space, and provide differentiated returns.”
This investment marks ABS’ first collaboration with CalSTRS. “We are proud to partner with CalSTRS on this strategy that combines our ability to access local expertise with a cost-effective, liquid portfolio. We see this as the beginning of a long-term partnership, and we’re excited to support the CalSTRS Global Equity team’s investment objectives,” Valle concluded.
ABS’ $3.7 billion AUM emerging markets platform includes long-short, long-only, and Country— and region-specific equity strategies. The ABS Insights Emerging Markets strategy is offered as a private fund, CIT, mutual fund and segregated account structure.
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.
