AB 539 (Cooley) – CalSTRS investment procurement
Expands the CalSTRS Collaborative Model, an investment strategy to reduce costs, control risks and increase expected returns by managing more assets internally and leveraging external partnerships. Grants the Teachers’ Retirement Board prudent flexibility to contract with investment managers and advisers under policies it adopts.
- Version: Chaptered (Chapter 619, Statutes of 2021)
- Sponsor: CalSTRS
- Location: Signed by Governor
- Board Position: Sponsor
CalSTRS analysis:As introduced 2/10/2021