WEST SACRAMENTO, Calif. (June 13, 2019) – The California State Teachers’ Retirement System announces the appointment of Geraldine Jimenez as Director of Investment Strategy and Risk. This new unit, situated in the CalSTRS Investment Branch, was established in May 2019. The unit is responsible for implementing and monitoring CalSTRS’ overall investment portfolio strategy and risk profile.
WEST SACRAMENTO, Calif. (May 22, 2019) – The California State Teachers’ Retirement System today announced that Global Equity Director June Kim has been selected as one of 22 Finance Leaders Fellows at the Aspen Institute, part of the Aspen Global Leadership Network. Fellows are nominated by a third party; each class of Fellows is made up of high-integrity, highly diverse individuals who have something to teach and to learn from the others.
Sacramento, CA – Qwest Communications and several of the nation’s top banking and financial service companies were named as defendants Tuesday in a lawsuit filed by the California State Teachers’ Retirement System in the financial collapse of Qwest.
The complaint alleges Qwest and the companies engaged in fraudulent schemes that cost the California teachers fund millions of dollars when the truth about Qwest’s faltering financial condition was first disclosed.
Sacramento, CA – The California State Teachers’ Retirement System seeks program advisers for U.S. partnerships in its alternative investment portfolio. A request for proposal was issued September 17 and the proposals are due October 21. A copy of the RFP is posted on the CalSTRS Web site at www.calstrs.ca.gov.
Sacramento, CA – The California State Teachers’ Retirement System today called on Congress to adopt the tough protections in the Public Company Accounting Reform And Investor Protection Act of 2002, recently passed by the Senate.CalSTRS sent a letter urging passage of the act to each member of the House-Senate Conference Committee working out differences between the act and actions taken earlier by the House of Representatives.
SACRAMENTO AND LOS ANGELES-Three California public pension funds, representing $275 billion in assets, today announced a joint lawsuit to recover losses against WorldCom executives and the major underwriters of WorldCom bonds issued in May of 2001.
Sacramento, CA – The California State Teachers’ Retirement System today expanded its financial market reform initiatives to include protections against conflicts of interest by its brokers and investment managers.
CalSTRS will give significant consideration to compliance with the investment protection principles when selecting and retaining brokers and investment managers. CalSTRS will also conduct annual compliance reviews once the principles are adopted by the firms.
Sacramento, CA – The California State Teachers’ Retirement System has selected Altius Associates Limited as its advisor for international alternative investment partnerships. Altius Associates, with offices in London, Copenhagen and Richmond, Virginia, will recommend non-U.S. partnerships, perform due diligence and assist and advise CalSTRS staff on those investment opportunities.
Sacramento, CA – The California State Teachers’ Retirement System today adopted the Lehman Brothers U.S. Aggregate Index (excluding tobacco) as its benchmark to track the performance of its internally managed long-term fixed income portfolio. The nation’s third largest pension fund, at $100 billion, examined various customized and broad market-weighted indices before selecting the Lehman Brothers index.
Sacramento, CA – The California State Teachers’ Retirement System today selected McKinsey & Company as alternative investment consultant to its Investment Committee.
McKinsey & Company was chosen through a competitive process to work closely with the committee to monitor and comment on the AI portfolio performance and policies. McKinsey and Company will not review specific transactions.
Sacramento, CA – The California State Teachers’ Retirement System today adopted the Russell 3000 (excluding tobacco) as its benchmark to track the performance of the broad U.S. equity market. The nation’s third largest pension fund examined three indices before selecting the Russell 3000.
Sacramento, CA – The California State Teachers’ Retirement System today named Joseph W. Cotchett and Bruce L. Simon of Cotchett, Pitre, Simon & McCarthy as lead counsel in a securities class action suit against Homestore.com, Inc. and several former executives. CalSTRS is lead plaintiff in this lawsuit alleging Homestore falsified financial statements and engaged in accounting irregularities.
Sacramento, CA – The California State Teachers’ Retirement System governing body has approved an extensive plan to promote financial market reforms. The Teachers’ Retirement Board set priorities for action as CalSTRS advances its corporate governance reform views on a national level.
Sacramento, CA – The California State Teachers’ Retirement System today announced the U.S. District Court in Los Angeles has named CalSTRS lead plaintiff in more than 19 consolidated lawsuits against Homestore.com, Inc. and several former executives.
“We’re pleased to take on this responsibility to represent the many who have suffered from unfair dealings by a few,” said Jack Ehnes, CalSTRS chief executive officer. “Shareholders must actively pursue these claims to put a spotlight on improper business practices while seeking recovered lost value.”
Sacramento, CA – The California State Teachers’ Retirement System seeks consultants for a new governance structure in its alternative investment portfolio. Two requests for proposals were issued February 8, with final filing dates of April 5. The RFPs are available on the CalSTRS Web site at www.calstrs.ca.gov.
Electronic privacy is crucial for the ongoing success of the Internet as a convenient means to provide customer service. Your personal information will be used only to conduct CalSTRS-related business.
The California State Teachers’ Retirement System website has been developed in compliance with California Government Code §11135, which requires that all electronic and information technology developed or purchased by the State of California is accessible to people with disabilities. There are various types of physical disabilities that impact user interaction on the web. Vision loss, hearing loss, limited manual dexterity, and cognitive disabilities are examples, with each having different means by which to access electronic information effectively.