California State Teachers Retirement System
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CalSTRS rehires PCA, adds Meketa as general investment consultants
trueCalSTRS hired Pension Consulting Alliance and Meketa Investment Group as general investment consultants to advise the investment committee.
J.P. Morgan record $13 billion mortgage pact will benefit U.S. pension funds
trueJ.P. Morgan Chase & Co. reached a $13 billion deal with the Justice Department that ends probes into the bank's sale of mortgage bonds, the largest amount paid by a financial firm in a settlement with the government.
CalSTRS looking for third-party administrator for 2 plans
trueCalSTRS is searching for a third-party administrator for its 403(b) and 457(b) plans, confirmed spokesman Ricardo Duran.
Oracle shareholders reject executive pay, again
trueOracle Corp. shareholders rejected the pay packages of CEO Larry Ellison and other executives, hewing to the calls by institutional investors and a proxy adviser that said their compensation is out of sync with the company's performance.
CalSTRS hunting for emerging markets equity managers
trueCalSTRS is searching for up to three managers to run a total of up to $1.2 billion in active emerging markets equities, confirmed spokesman Ricardo Duran.
Institutional investors call for slew of changes at 21st Century Fox
trueCalSTRS plans to vote against the election of all 12 directors, including K. Rupert Murdoch, James R. Murdoch and Lachlan K. Murdoch, to the board at Twenty-First Century Fox Inc.
California auditor lists CalSTRS' underfunding among high-risk budget issues for state
trueCalSTRS has a funding ratio well below what is fiscally sound, according to a report of various high-risk budget issues facing the state released Thursday by state Auditor Elaine Howle.
CalSTRS starts search for investment consultant
trueCalSTRS is searching for one or two general investment consultants, according to an RFP notice on the $170 billion pension fund's website.
Dell finally gets privatization deal approval
trueA majority of Dell Inc. shareholders approved the joint proposal by Michael S. Dell, chairman and CEO, to acquire the company for $24.9 billion in partnership with Silver Lake Partners, based on a preliminary vote tally from Thursday's special meeting, according to a Dell statement. A count wasn't ...
CalSTRS lowers bonds in new asset allocation
trueCalSTRS' investment committee on Tuesday approved a new asset allocation for the $170 billion pension fund. The key changes include a reduction of the fixed-income portfolio to 16% from 20%, and an increase in the inflation-sensitive asset class to 6% from 2%.
CalSTRS' proposed asset mix highlights infrastructure
trueCalSTRS is scheduled to vote on the adoption of a new asset allocation for the $170 billion fund this week. The proposed asset mix, with an expected median 10-year annual return of 7.2% and a standard deviation of 12.7%, would be implemented in four steps "upon the investment opportunities ...
CalSTRS' investment committee to vote on tweaks to allocation
trueCalSTRS' investment committee is scheduled to vote on an asset allocation plan for the next three years at its meeting Sept. 10.
CalSTRS hunts for sec lending, cash collateral provider
trueCalifornia State Teachers' Retirement System is searching for at least one firm to provide securities lending and cash collateral management services.
DOL's Perez backs unions in pension melee
trueLabor Secretary Thomas Perez inherited a fight over workers' rights and California's pension reforms.
CalSTRS' investments return 13.8% in fiscal year
trueCalSTRS returned 13.8% in the fiscal year ended June 30.