AB 2510 (Cooley) – CalSTRS investment procurement
Seeks to expand the Collaborative Model, a Teachers’ Retirement Board-sponsored effort to reduce costs by managing assets internally and expanding opportunities with external partners. Grants the board prudent flexibility to contract with investment managers and investment advisers under policies it adopts. Working closely with external managers and advisers would allow CalSTRS staff to cultivate knowledge of innovative investment strategies and to form lucrative, efficient and cost-effective investment partnerships.
- Version: Introduced 2/19/2020
- Sponsor: CalSTRS
- Location: Assembly PE&R Committee
- Board Position: Sponsor
CalSTRS analysis:As introduced 2/19/2020