HONG KONG : The California State Teachers' Retirement System (CalSTRS) is looking at appointing China-focused equity managers for the first time ever, as demand for asset diversification grows amid worries on inflation and recession. CalSTRS had roughly $3.7 billion worth of investments in Chinese equities at the end of June through both internally and externally managed strategies, the No.2 U.S. pension fund said in a statement to Reuters. The fund floated a request for proposal (RFP) last month for fund managers with a plan to establish new investment categories targeting Chinese equities.