CalSTRS

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4d
Business Wire
Fitch Rates $38MM Temecula Valley USD, CA's GOs 'AA(VRDO) liabilities. Fitch expects the combined liability burden to remain moder
Fitch Rates $38MM Temecula Valley USD, CA's GOs 'AA
Business Wire / Posted 4 days ago
(VRDO) liabilities. Fitch expects the combined liability burden to remain moderate despite the district's exposure to CalSTRS and slow amortization of existing and new debt with only 30% of principal retired within the next 10... Read more
14 related stories
5d
Naked Capitalism
Our Bloomberg Story: Don't Let Private Equity Dupe Californiacalled embezzlement, California Treasurer John Chiang, who also sits on the boa
Our Bloomberg Story: Don't Let Private Equity Dupe California
Naked Capitalism / Posted 5 days ago
called embezzlement, California Treasurer John Chiang, who also sits on the boards of mega public pension funds CalPERS and CalSTRS, proposed path-breaking private equity legislation to combat this misconduct. Getting a full accounting of fees and... Read more
10d
Investopedia
Alternative Investments: How The Game Has Changed for Retail Investorsended June 30, 2015, both plans had assets invested in private equity. The Cali
Alternative Investments: How The Game Has Changed for Retail Investors
Investopedia / Posted 10 days ago
ended June 30, 2015, both plans had assets invested in private equity. The California State Teacher’s Retirement System (CalSTRS), for example, had 10.1% of its assets in private equity investments. Another fund, the California Public Employees'... Read more
10d
The Sacramento Bee
CalPERS sets higher pension contribution rateswill be charged an additional $342 million, to a total of nearly $1.7 billion a
CalPERS sets higher pension contribution rates
The Sacramento Bee / Posted 10 days ago
will be charged an additional $342 million, to a total of nearly $1.7 billion a year. While teachers are covered by CalSTRS, other school employees get their pensions from CalPERS. It’s the latest in a series of rate hikes implemented by... Read more
15d
Orange County Register
Finding money for big infrastructure projectsinfrastructure is a good long-term investment. CalPERS has invested in privatiz
Finding money for big infrastructure projects
Orange County Register / Posted 15 days ago
infrastructure is a good long-term investment. CalPERS has invested in privatized London Heathrow Airport, while CalSTRS was part of a consortium of public pension funds that paid $5.7 billion to acquire the long-term lease of the Indiana... Read more
18d
The News & Observer
Goldman Sachs to pay $5 billion for misleading investors on mortgage assetsEmployees’ Retirement System and the California State Teachers’ Retirement Syst
Goldman Sachs to pay $5 billion for misleading investors on mortgage assets
The News & Observer / Posted 18 days ago
Employees’ Retirement System and the California State Teachers’ Retirement System – more commonly known as CalPERS and CalSTRS. The settlement record was eclipsed in August 2014, when Bank of America agreed to a $16.65 billion deal. The... Read more
15 related stories
19d
The Sacramento Bee
Sacramento prosecutors’ probe of Goldman Sachs leads to $5 billion settlementEmployees’ Retirement System and the California State Teachers’ Retirement Syst
Sacramento prosecutors’ probe of Goldman Sachs leads to $5 billion settlement
The Sacramento Bee / Posted 19 days ago
Employees’ Retirement System and the California State Teachers’ Retirement System – more commonly known as CalPERS and CalSTRS. The JPMorgan deal led U.S. Attorney General Eric Holder in 2014 to honor Kennedy and Taylor, as well as two other... Read more
100 related stories
23d
Naked Capitalism
North Carolina Knowingly Allows Fox to Run State Pension Henhousethe generally-better-run one, with it having comparatively modest underfunding
North Carolina Knowingly Allows Fox to Run State Pension Henhouse
Naked Capitalism / Posted 23 days ago
the generally-better-run one, with it having comparatively modest underfunding (putting it in better shape than CalPERS and CalSTRS), and historically taking less risk, via having more allocated to fixed income and less to alternative strategies... Read more
24d
Orange County Register
How CalPERS let $3 billion go up in smokefund, the California State Teachers’ Retirement System, have fallen prey to mix
How CalPERS let $3 billion go up in smoke
Orange County Register / Posted 24 days ago
fund, the California State Teachers’ Retirement System, have fallen prey to mixing politics and investment decisions. CalSTRS has lost $1 billion on its tobacco investment ban, which has been in place since in 2000. It also lost $600 million... Read more
25d
The Sacramento Bee
How far should CalPERS go to make profitable investments?pension-investment debates crop up and shift with political winds. After the Ne
How far should CalPERS go to make profitable investments?
The Sacramento Bee / Posted 25 days ago
pension-investment debates crop up and shift with political winds. After the Newtown school shootings, CalPERS and CalSTRS both came under pressure to drop their firearms investments. At other times, the funds have faced calls to cut... Read more
26d
The Sacramento Bee
CalPERS rethinks ban on tobacco stocksfunds and institutional investors are wrestling with similar issues. “This is h
CalPERS rethinks ban on tobacco stocks
The Sacramento Bee / Posted 26 days ago
funds and institutional investors are wrestling with similar issues. “This is hardly a unique CalPERS problem,” he said. CalSTRS, the California State Teachers’ Retirement System, divested its tobacco holdings in 2000, although some outside fund... Read more
27d
The Advocate
Reader should rethink her views on pensionsRebecca Swanson Doran makes several assertions regarding her pension from the C
Reader should rethink her views on pensions
The Advocate / Posted 27 days ago
Rebecca Swanson Doran makes several assertions regarding her pension from the California State Teachers Retirement System (CalSTRS) and pensions in general. She criticizes another reader for proposing a defined contribution system, akin to a 403(b).... Read more
27d
Contra Costa Times Newspapers
California sues Morgan Stanley over huge losses suffered by state's public pension fundsMorgan Stanley of conning pension investment managers at CalPERS, the Californi
California sues Morgan Stanley over huge losses suffered by state's public pension funds
Contra Costa Times Newspapers / Posted 27 days ago
Morgan Stanley of conning pension investment managers at CalPERS, the California Public Employees' Retirement System, and CalSTRS, the California State Teachers' Retirement System, into buying toxic mortgage-backed securities during the housing... Read more
21 related stories
28d
The Mercury News
California sues Morgan Stanley over huge losses suffered by state's public pension fundsMorgan Stanley of conning pension investment managers at CalPERS, the Californi
California sues Morgan Stanley over huge losses suffered by state's public pension funds
The Mercury News / Posted 28 days ago
Morgan Stanley of conning pension investment managers at CalPERS, the California Public Employees' Retirement System, and CalSTRS, the California State Teachers' Retirement System, into buying toxic mortgage-backed securities during the housing... Read more
21 related stories
29d
The Berkeley Daily Planet
State Controller Betty Yee Endorses Jesse Arreguin for Berkeley Mayor. Categoryof the California Public Employees’ Retirement System (CalPERS) and the Califor
State Controller Betty Yee Endorses Jesse Arreguin for Berkeley Mayor. Category
The Berkeley Daily Planet / Posted 29 days ago
of the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS) Boards. These two boards have a combined portfolio of nearly $500 billion. Yee has over 30 years of experience in... Read more
29d
Stamford Advocate
The state of California is suing Morgan Stanley over crisis-era investmentsthat the firm misrepresented complex investments such as mortgage-backed securi
The state of California is suing Morgan Stanley over crisis-era investments
Stamford Advocate / Posted 29 days ago
that the firm misrepresented complex investments such as mortgage-backed securities to California pension funds CalPERSand CalSTRS, according to a filing made in state superior court. "Attorney General Kamala D. Harris today filed a lawsuit... Read more
21 related stories
29d
Connecticut Post
The state of California is suing Morgan Stanley over crisis-era investmentsthat the firm misrepresented complex investments such as mortgage-backed securi
The state of California is suing Morgan Stanley over crisis-era investments
Connecticut Post / Posted 29 days ago
that the firm misrepresented complex investments such as mortgage-backed securities to California pension funds CalPERSand CalSTRS, according to a filing made in state superior court. "Attorney General Kamala D. Harris today filed a lawsuit... Read more
21 related stories
29d
San Francisco Chronicle
The state of California is suing Morgan Stanley over crisis-era investmentsthat the firm misrepresented complex investments such as mortgage-backed securi
The state of California is suing Morgan Stanley over crisis-era investments
San Francisco Chronicle / Posted 29 days ago
that the firm misrepresented complex investments such as mortgage-backed securities to California pension funds CalPERSand CalSTRS, according to a filing made in state superior court. "Attorney General Kamala D. Harris today filed a lawsuit... Read more
21 related stories
29d
The Sacramento Bee
California sues Morgan Stanley over ‘massive’ investment losseswhen the housing market crashed. The suit accused Morgan Stanley of conning pe
California sues Morgan Stanley over ‘massive’ investment losses
The Sacramento Bee / Posted 29 days ago
when the housing market crashed. The suit accused Morgan Stanley of conning pension investment managers at CalPERS and CalSTRS into buying toxic mortgage-backed securities during the housing bubble by vastly underplaying the level of risk the... Read more
21 related stories
29d
Channel NewsAsia
California sues Morgan Stanley over mortgage lossesof complex mortgage debt and other securities it sold, causing big losses for t
California sues Morgan Stanley over mortgage losses
Channel NewsAsia / Posted 29 days ago
of complex mortgage debt and other securities it sold, causing big losses for the state's public pension funds, CalPERS and CalSTRS. Kamala Harris, the state attorney general, said Morgan Stanley concealed or downplayed the risks of toxic... Read more

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