CalSTRS

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1d
Naked Capitalism
After Supporting Treasurer Chiang's Private Equity Transparency Bill in Public, CalPERS Gutted It Behind the ScenesAB 2833, came out of a promise that California Treasurer and board member of th
After Supporting Treasurer Chiang's Private Equity Transparency Bill in Public, CalPERS Gutted It Behind the Scenes
Naked Capitalism / Posted yesterday
AB 2833, came out of a promise that California Treasurer and board member of the giant public pension funds CalPERS and CalSTRS, made last fall, to sponsor path-breaking private equity transparency legislation. Even though the initial version of... Read more
2d
The Record Searchlight
LIVE CHAT: Business leaders talk about sales tax measuresyou think the funds from the sales tax hike is going to fund new positions or p
LIVE CHAT: Business leaders talk about sales tax measures
The Record Searchlight / Posted 2 days ago
you think the funds from the sales tax hike is going to fund new positions or programs, in my opinion, you are mistaken. Reddings unfunded CALPERS liability, while smaller than CALSTRS is over $300 million. How do you think that is going to get p... Read more
3d
The Sacramento Bee
CalSTRS reports 1.4 percent investment returnsCalSTRS reported a 1.4 percent investment return for the latest fiscal year Tue
CalSTRS reports 1.4 percent investment returns
The Sacramento Bee / Posted 3 days ago
CalSTRS reported a 1.4 percent investment return for the latest fiscal year Tuesday, far below its official target. The results reported by the California teachers’ pension fund came one day after the state’s largest fund, CalPERS, reported... Read more
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3d
KPBS San Diego
California Teacher Pension Fund Grew 1.4% Last Yearfigure released Tuesday falls short of the 7.5 percent target for the Californi
California Teacher Pension Fund Grew 1.4% Last Year
KPBS San Diego / Posted 3 days ago
figure released Tuesday falls short of the 7.5 percent target for the California State Teachers' Retirement System. But CalSTRS officials say they're still on track to pay down the system's unfunded liability by 2046, as required under a plan... Read more
3d
Market Watch
Huge teachers pension fund posts meager returnthe 2008-2009 financial crisis because of heavy losses in stocks. The Californ
Huge teachers pension fund posts meager return
Market Watch / Posted 3 days ago
the 2008-2009 financial crisis because of heavy losses in stocks. The California State Teachers' Retirement System, or Calstrs, earned 1.4% for the fiscal year ended June 30, according to a Tuesday news release. The result is the lowest since a... Read more
7d
The Sacramento Bee
CalSTRS commits $2.5 billion to low-carbon investmentsCalSTRS committed up to $2.5 billion this week to low-carbon investments in the
CalSTRS commits $2.5 billion to low-carbon investments
The Sacramento Bee / Posted 7 days ago
CalSTRS committed up to $2.5 billion this week to low-carbon investments in the United States and overseas. The teachers’ pension fund said it will peg the investments to a market index. It said the investments are part of an effort to “align the... Read more
8d
Naked Capitalism
Private Equity Industry Offers Intelligence-Insulting Defenses for Long-Standing Grifting Due to Refusal to Register as Broker-Dealersdefending its dubious looting, um, fee extraction practices. We will also see c
Private Equity Industry Offers Intelligence-Insulting Defenses for Long-Standing Grifting Due to Refusal to Register as Broker-Dealers
Naked Capitalism / Posted 8 days ago
defending its dubious looting, um, fee extraction practices. We will also see captured public pension funds, in this case CalSTRS, stand shoulder-to-shoulder with the private equity industry and against the interests of its beneficiaries and... Read more
14d
Naked Capitalism
Los Angeles Times: Treasurer Chiang's Private Equity "Transparency" Bill Fails to Deliverprivate equity fee transparency legislation sponsored by Treasurer John Chiang,
Los Angeles Times: Treasurer Chiang's Private Equity "Transparency" Bill Fails to Deliver
Naked Capitalism / Posted 14 days ago
private equity fee transparency legislation sponsored by Treasurer John Chiang, who sits on the boards of CalPERS and CalSTRS, has had one of its initial supporters, himself a former head of CalPERS Investment Committee, go into opposition... Read more
15d
Los Angeles Times
CalPERS' private equity fees under the microscopeprivate equity, which has offered better returns than other investments, accord
CalPERS' private equity fees under the microscope
Los Angeles Times / Posted 15 days ago
private equity, which has offered better returns than other investments, according to the pension plans’ annual reports. CalSTRS in particular had raised concerns that if the bill became law it could endanger those returns because some private... Read more
18d
Naked Capitalism
New York Times' Gretchen Morgenson: Private Equity Transparency Bills, Including California Treasurer Chiang's AB 2833 "Hit a Wall"private equity legislation that would provide investors in private equity like
New York Times' Gretchen Morgenson: Private Equity Transparency Bills, Including California Treasurer Chiang's AB 2833 "Hit a Wall"
Naked Capitalism / Posted 18 days ago
private equity legislation that would provide investors in private equity like the giant public pension funds CalPERS and CalSTRS, on whose boards he sits, to combat the problem that, in his words, “Investors pay excessive fees to private equity... Read more
23d
Zero Hedge
Teachers Unions Vs Hedge Funds: The Battle Over BillionsInstitute, however in September of last year an aide to Weingarten spoke to a C
Teachers Unions Vs Hedge Funds: The Battle Over Billions
Zero Hedge / Posted 23 days ago
Institute, however in September of last year an aide to Weingarten spoke to a California State Teachers' Retirement System (Calstrs) official about Asness's continued service - one phone call later and Asness said that he was stepping down from the... Read more
28d
The Sacramento Bee
Brexit could sting California, but the price of Scotch might fallof a recession more real.” Unlike those relying on private, 401(k)-type retire
Brexit could sting California, but the price of Scotch might fall
The Sacramento Bee / Posted 28 days ago
of a recession more real.” Unlike those relying on private, 401(k)-type retirement accounts, pensions from CalPERS and CalSTRS are protected. But if financial turmoil in the markets drives down earnings, taxpayers are obligated to keep the... Read more
28d
Naked Capitalism
California Treasurer Chiang's Private Equity Transparency Three Card Montea private equity fee transparency bill, in the hope that its sponsor, Treasurer
California Treasurer Chiang's Private Equity Transparency Three Card Monte
Naked Capitalism / Posted 28 days ago
a private equity fee transparency bill, in the hope that its sponsor, Treasurer John Chiang, who sits on the CalPERS and CalSTRS boards, was acting in good faith. In fact, AB 2833 was amended on Wednesday so as to be so pointless that we oppose... Read more

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