WEST SACRAMENTO, Calif. – Continued growth in the equity market, coupled with a bias to U.S. companies, fed a second year of healthy investment returns at the California State Teachers’ Retirement System (CalSTRS), which closed the 2013-14 fiscal year with an 18.66 percent return on its investments.
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced the election of Corporate Governance Investment Officer Aeisha Mastagni to the Board of Directors of the International Corporate Governance Network (ICGN).
WEST SACRAMENTO, Calif. – The California State Teachers’ Retirement System (CalSTRS) today announced the Monday, June 30, opening of its Irvine Member Service Center. This is the fourth full-service member center, with other service centers in Santa Clara, Glendale and the CalSTRS Headquarters in West Sacramento.
The California State Teachers’ Retirement System pension fund closed its 2013-2014 fiscal year with a 18.66 percent return on investments, for a second consecutive year of healthy investment returns.
CalSTRS, the second-largest U.S. pension fund, credited a growing equity market, coupled with a bias to U.S. companies. The earnings came in well above the actuarial assumed rate of 7.5 percent and over the 2012-2013 fiscal year portfolio return of 13.8 percent.
The California State Teachers’ Retirement System plans to put more emphasis on small and mid-market buyout, debt-related and emerging market funds in its private equity portfolio during the 2015 fiscal year ending June 30, according to an investment plan released by the retirement system in advance of its board meeting on Friday.
Money managers and asset owners are wrestling with how to help employees manage their investments to provide adequate retirement income in a defined-contribution-dominated world, said speakers at Pensions & Investments’ Investment Innovation & the Global Future of Retirement conference, held in New York June 22-24.
California legislation that increases the contribution rate to the California State Teachers’ Retirement System’ took effect this week, and Moody’s Investors Service called it a credit positive for the system.
The bill, which took effect July 1, increases the contributions school districts, teachers and the state government pay into the CalSTRS fund.
Institutional investors that take environmental, social and governance (ESG) investing seriously are coming up with new ways to quiz managers to make sure they aren’t just paying lip service to the issues and actually put their money where their mouth is.
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