California State Teachers Retirement System
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CalSTRS' asset allocation as of June 30
trueAs of June 30, the global equity allocation of the $191.4 billion California State Teachers’ Retirement System stood at 57.8%, 280 basis points higher than its 2014-2015 target of 55%, according to the fund's latest quarterly investment committee report.
CalSTRS returns 4.8% for fiscal year, outperforming custom benchmark
trueThe $191.4 billion California State Teachers‘ Retirement System had a 4.8% rate of return for the fiscal year ended June 30 — higher than the 4.6% custom policy benchmark but 270 basis points below 7.5% its assumed rate of return, according to preliminary investment results released Friday.
CalSTRS names 9 firms to manager-of-emerging-managers pool
trueCalSTRS named nine firms to a pool of managers to construct, manage and monitor a manager-of-managers fund made up of emerging managers.
CalSTRS launches search for hedge fund consultant
trueCalifornia State Teachers’ Retirement System is searching for a hedge fund consultant.
CalSTRS seeking independent real estate fiduciaries
trueCalSTRS is searching for independent real estate fiduciaries to evaluate commingled funds, joint ventures, real estate investment trusts, debt structures, international investments, land investments and investments in infrastructure.
Toyota shareholders approve dual-class shares despite pension fund opposition
trueToyota Motor Corp. shareholders approved a proposal to create a dual-class share structure by a 75% vote, overcoming opposition from four pension funds.
CalSTRS enlists Meketa as private equity consultant
trueCalifornia State Teachers’ Retirement System hired Meketa Investment Group as its private equity consultant.
Large pension funds oppose proposed Toyota share-class voting structure
trueToyota Motor Corp. faces opposition from several pension funds over a proposal to create a dual-class share voting structure.
California Senate passes bill requiring CalPERS, CalSTRS to divest from coal
trueThe California Senate voted 22-14 in favor of legislation calling on both CalPERS and CalSTRS to divest from investments in coal companies.
BlackRock, Ceres create ESG governance guide for institutional investors
trueBlackRock teamed up with Ceres to create a guide for U.S. institutional investors on engaging with companies and policymakers on sustainability issues, the two institutions announced Thursday.
CalSTRS, Legion drop proxy solicitation fight at Perry Ellis
trueCalSTRS and Legion Partners Holdings withdrew their slate of nominees to the Perry Ellis International Inc. board of directors and ended their proxy solicitation contest “in response to recent positive steps” taken by the company, the shareholders group said in a filing Tuesday with the Securities ...
Pension funds take different sides on political lobbying proposal at Aetna
trueAetna Inc. shareholders face voting Friday on a New York State Common Retirement Fund proposal calling for the company to disclose spending on political lobbying, and pension funds are lined up on different sides of the issue.
Chipotle shareholders reject proxy access proposals, ratify executive pay
trueChipotle Mexican Grill Inc. shareholders at the company’s annual meeting Wednesday rejected two proxy access proposals, including one co-filed by the $163.4 billion New York City Retirement Systems, $56 billion UAW Retiree Medical Benefits Trust, Ann Arbor, Mich., and $5 billion Philadelphia Public ...
Pension funds line up against Chipotle pay package
trueTwo big pension funds 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.
CalSTRS votes with Trian in DuPont proxy fight
trueCalSTRS has voted its 3.6 million shares in E.I. du Pont de Nemours & Co. in support of alternatives money manager Trian Fund Management's four board candidates.