CalSTRS Funding Report Offers Hope for the Future
While system is on track to full funding by 2046, investment volatility could throw a wrench into the process.
While system is on track to full funding by 2046, investment volatility could throw a wrench into the process.
The vote to divest from CoreCivic and GEO Group was 6-5 during an emotional meeting.
A total of 25 managers received 26 commitments in the last half of the 2017-2018 fiscal year.
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.
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.
Coalition with nearly $5 trillion in assets under management aims to engage industry to improve gun safety.
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.
Kirsty Jenkinson will join the $229 billion system in January.
The pension plan is getting ready for investments out of the traditional limited partner-general partner fund structure, including increases in co-investments.
Tweets and policies could escalate trade dispute into a trade war.
Review ordered personally by CalSTRS CIO Chris Ailman in a rare move.
Private equity is system’s best-performing asset class at 13.8%.
Julie Underwood will leave the San Bernardino County pension plan, replacing Robin Madsen.
The $224.9 billion fund poaches a top talent from the University of California Regents.
Ailman says efforts under discussion with three West Coast and three global pension plan officials.