AB 2510 (Cooley) – CalSTRS investment procurement

Assembly Bill

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

For an accessible version of any CalSTRS analysis on this page, contact ADACoordinator@CalSTRS.com.