California State Teachers Retirement System
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CalSTRS picks firms for securities lending, cash collateral management
trueCalSTRS intends to award contracts to several firms to provide securities lending and cash collateral management services for its equity portfolio.
Alliant shareholders reject firearms safety proposal filed by 2 pension funds
trueAlliant Technologies Inc. shareholders Wednesday rejected by a 92.3% vote a shareholder proposal on firearms safety filed jointly by the New York State Common Retirement Fund and the Connecticut Retirement Plans & Trust Funds, a company SEC filing shows.
CalSTRS returns 18.66% in fiscal year
trueCalSTRS returned 18.66% in the fiscal year ended June 30, the $189.1 billion pension fund announced on Monday.
Pension funds to benefit in Citigroup $7 billion settlement
trueState pension funds in California and Illinois are among the recipients of Citigroup Inc.'s $7 billion in fines and consumer relief to resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the financial crisis.
CalSTRS snags new global equity director from LACERA
trueJune Kim was named global equity director for the California State Teachers' Retirement System.
CalSTRS CIO: Pension funds willing to add leverage
trueChristopher Ailman, chief investment officer of the $184.8 billion California State Teachers’ Retirement System, West Sacramento, said that there is a “subtle trend” of pension funds willing to add leverage, during a panel discussion at Pensions & Investments’ Investment Innovation and the Global ...
CalSTRS taps 2 to manage $1.25 billion in emerging markets equity
trueCalSTRS hired Schroder Investment Management and J.P. Morgan Asset Management to run a combined $1.25 billion in emerging markets equity.
California lawmakers pass bill to fully fund CalSTRS in 32 years
trueThe California Legislature has passed a long-time funding plan for the California State Teachers’ Retirement System that is aimed at averting the $183.8 billion retirement fund’s running out of money by 2044.
CalSTRS commits $1.2 billion to private equity, real estate
trueCalSTRS made its first commitment to international core real estate, committing $200 million to the Invesco Real Estate Asia Fund, according to the $183.8 billion pension fund's latest real estate investment activity report.
CalSTRS approves more flexibility for investments in underserved California markets
trueCalSTRS’ investment committee on Friday approved revisions to an in-state investment program that would allow the pension fund more flexibility in connection with the goal of investing 2% of the portfolio in California’s underserved markets.
CalSTRS to review investments in underserved California markets
trueCalSTRS' investment committee, amid mixed investment results, is scheduled to vote Friday on revisions to an in-state investment program that would take into account fiduciary duty in connection with the goal of investing 2% of the portfolio in California “emerging markets,” which CalSTRS defines ...
CalSTRS takes 30% stake in Legion Partners Asset Management
trueCalifornia State Teachers' Retirement System, West Sacramento, hired Legion Partners Asset Management, a new activist investing firm, to run $200 million, and also is taking a 30% stake in the firm.
Pension funds oppose J.P. Morgan pay package
trueThree pension funds will oppose the compensation package for James Dimon, chairman and CEO, and four other senior executives at J.P. Morgan Chase & Co.
Google shareholders approve pay package, re-elect all directors
trueGoogle Inc. shareholders Wednesday re-elected all directors despite opposition to several nominees, including Sergey Brin, co-founder of the company, from major pension funds, including CalSTRS, Canada Pension Plan Investment Board and State of Wisconsin Investment Board.
Pension funds oppose Chipotle executive pay
trueThree pension funds, Institutional Shareholder Services and Glass Lewis & Co. have lined up against Chipotle Mexican Grill Inc.'s executive pay package for Steve Ells, chairman of the company's board and co-CEO; Montgomery F. Moran, co-CEO; and two other top executives.