Newsmakers
CalSTRS Investment Committee Was Split on Private Prison Divestment
The vote to divest from CoreCivic and GEO Group was 6-5 during an emotional meeting.
Tag: CalSTRS
CalSTRS Details $4.7 Billion Private Equity and Real Estate Commitments
A total of 25 managers received 26 commitments in the last half of the 2017-2018 fiscal year.
CalSTRS to Challenge Corporate Auditors and Virtual Meetings
The large California pension plan is taking on corporations who use the same auditor year after year as well as companies that have suspended having in-person annual meetings in favor of virtual meetings.
Asset Allocation
CalSTRS Proposes Direct Private Equity Should First Target Co-investments
The more cautious approach to direct private equity investing at the second-largest US pension plan contrasts with a more aggressive approach by CalPERS, the biggest US plan.
Newsmakers
Institutional Investors Launch Firearms Industry Framework
Coalition with nearly $5 trillion in assets under management aims to engage industry to improve gun safety.
Newsmakers
CalSTRS to Divest of Private Prison Companies
The two US companies running private prisons, whose detainees including immigrants caught crossing the US-Mexico border, will no longer be part of the CalSTRS portfolio.
Corporate Moves
CalSTRS Names New Corporate Governance Chief
Kirsty Jenkinson will join the $229 billion system in January.
CalSTRS Takes First Steps to Restructuring Private Equity
The pension plan is getting ready for investments out of the traditional limited partner-general partner fund structure, including increases in co-investments.
CalSTRS CIO Warns Trump’s China Policies Could Disrupt Market
Tweets and policies could escalate trade dispute into a trade war.
Newsmakers
CalSTRS Begins Review of Holdings of Private Prison Companies
Review ordered personally by CalSTRS CIO Chris Ailman in a rare move.
CalSTRS Returns 9% for Fiscal Year
Private equity is system’s best-performing asset class at 13.8%.
Corporate Moves
CalSTRS Names New Chief Financial Officer
Julie Underwood will leave the San Bernardino County pension plan, replacing Robin Madsen.
Corporate Moves
CalSTRS Names Scott Chan Deputy CIO
The $224.9 billion fund poaches a top talent from the University of California Regents.
Newsmakers
CalSTRS Ponders Collaboration for Private Market Investments
Ailman says efforts under discussion with three West Coast and three global pension plan officials.
Newsmakers
CalSTRS to Put Pressure on Gun Retailers
New plan would force Kroeger, Walmart to pull firearms from shelves or face divestment.