California State Teachers Retirement System
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Petco valuations through the years
trueCVC Capital Partners and the Canada Pension Plan Investment Board announced they had entered into an agreement to buy Petco Animal Supplies from TPG and Leonard Green & Partners for $4.6 billion.
CalSTRS looking to increase core real estate holdings, trim opportunistic
trueCalSTRS' real estate consultant recommended the pension fund modify its real estate allocation to 60% core, 20% value-added and 20% opportunistic, in light of current market conditions.
Largest pension fund investors in First Data deal
trueKKR's First Data Corp. finally made its initial public offering debut this week, receiving net proceeds of $2.5 billion on the sale of 160 million shares. The company had hoped to raise between $2.8 billion and $3.2 billion.
California governor signs bill requiring CalPERS, CalSTRS to divest coal
trueCalifornia Gov. Edmund G. “Jerry” Brown Jr. signed into law Thursday a bill that requires CalPERS and CalSTRS to divest from investments in coal companies, he announced on his website.
CalSTRS becomes lead investor on new energy productivity index
trueCalSTRS became a lead investor in a new energy productivity index aimed at migrating carbon pollution called the Energy Productivity Index for Companies.
CalSTRS considering allocations that will dampen risk
trueMembers of the California State Teachers' Retirement System investment committee will begin reviewing proposals later this fall that attempt to put the brakes on risk, a shift they hope will stabilize assets in the event of another major market meltdown.
Bill requiring CalPERS, CalSTRS to divest coal company stocks moves to governor's desk
trueCalPERS and CalSTRS are a step closer to being forced to divest from investments in coal companies following the California State Assembly’s 47-30 vote Wednesday in favor of legislation mandating the two pension funds liquidate holdings in thermal coal companies by July 1, 2017.
Meketa asset allocation proposals would slash CalSTRS domestic equity share
trueOne of two general investment consultants advising the California State Teachers' Retirement System on a new asset allocation is recommending a major downward shift in the allocation to U.S. equities while increasing emerging markets equities exposure.
Florida SBA to engage Bank of America on separating CEO, chairman roles
trueFlorida State Board of Administration officials plan to meet with Bank of America Corp. management on Wednesday to discuss the company’s proposal seeking shareholder approval of a corporate bylaw amendment allowing the board of directors discretion to determine its leadership structure on whether ...
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.