The California State Teachers Retirement System will consider a focused frontier approach during its asset study next fiscal year, said Sherry Reser, spokeswoman. It has exposure to equities in Kazakhstan, Lebanon and Colombia through larger mandates. The Kansas Public Employees Retirement System is starting to research the area and Acadian Asset Management recently launched a frontier fund, which now has $157 million under management from 23 investors. Fifteen of them are institutions, including corporate plans, said Churchill Franklin, executive v.
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